Discounted Cash Flow (DCF) Analysis Levered

Virtus Diversified Income & Convert... (ACV)

$18.5

-0.23 (-1.23%)
Financial Summary
Financial Statements
Quarter Financials
Chart
Financial Ratios
Profile
Historical Data
DCFDCF Levered
All numbers are in Millions, Currency in USD
Stock DCF: Infinity | 18.5 | undervalue

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 2.1949.65133.571.18-36.3749.67-67.8492.65-126.53172.80
Revenue (%)
Operating Cash Flow 24.2917.9824.4280.4824.41785.75-1,073.101,465.52-2,001.452,733.37
Operating Cash Flow (%)
Capital Expenditure ----------
Capital Expenditure (%)
Free Cash Flow -----785.75-1,073.101,465.52-2,001.452,733.37

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 2.1949.65133.571.18-36.3749.67-67.8492.65-126.53172.80
Operating Cash Flow 24.2917.9824.4280.4824.41785.75-1,073.101,465.52-2,001.452,733.37
Capital Expenditure ----------
Free Cash Flow -----785.75-1,073.101,465.52-2,001.452,733.37
WACC
PV LFCF 757.72-997.891,314.18-1,730.732,279.32
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