Discounted Cash Flow (DCF) Analysis Levered
Virtus Diversified Income & Convert... (ACV)
$18.5
-0.23 (-1.23%)
All numbers are in Millions, Currency in USD
Free Cash Flow
Year A/P | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected |
Revenue | 2.19 | 49.65 | 133.57 | 1.18 | -36.37 | 49.67 | -67.84 | 92.65 | -126.53 | 172.80 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 24.29 | 17.98 | 24.42 | 80.48 | 24.41 | 785.75 | -1,073.10 | 1,465.52 | -2,001.45 | 2,733.37 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | - | - | - | - | - | 785.75 | -1,073.10 | 1,465.52 | -2,001.45 | 2,733.37 |
Weighted Average Cost Of Capital
Share price | $ 18.5 |
---|---|
Beta | 0.000 |
Diluted Shares Outstanding | - |
Cost of Debt | |
Tax Rate | 0.00 |
After-tax Cost of Debt | 3.70% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 4.438 |
Total Debt | 75 |
Total Equity | - |
Total Capital | 75 |
Debt Weighting | 100.00 |
Equity Weighting | 0.00 |
Wacc |
Build Up Free Cash Flow
Year A/P | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected |
Revenue | 2.19 | 49.65 | 133.57 | 1.18 | -36.37 | 49.67 | -67.84 | 92.65 | -126.53 | 172.80 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 24.29 | 17.98 | 24.42 | 80.48 | 24.41 | 785.75 | -1,073.10 | 1,465.52 | -2,001.45 | 2,733.37 |
Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
Free Cash Flow | - | - | - | - | - | 785.75 | -1,073.10 | 1,465.52 | -2,001.45 | 2,733.37 |
WACC | ||||||||||
PV LFCF | 757.72 | -997.89 | 1,314.18 | -1,730.73 | 2,279.32 | |||||
SUM PV LFCF | 1,622.60 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 3.70 |
Free cash flow (t + 1) | 2,788.04 |
Terminal Value | 164,002.29 |
Present Value of Terminal Value | 136,759.07 |
Intrinsic Value
Enterprise Value | 138,381.66 |
---|---|
Net Debt | 74.90 |
Equity Value | 138,306.77 |
Shares Outstanding | - |
Equity Value Per Share | Infinity |