Discounted Cash Flow (DCF) Analysis Levered
SRH Total Return Fund, Inc. (BIF)
$14.75
-0.08 (-0.54%)
All numbers are in Millions, Currency in USD
Free Cash Flow
Year A/P | 2017 Actual | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected |
| Revenue | 251 | 97.79 | 61.36 | -1.98 | 276.25 | -9,584.64 | 332,540.13 | -11,537,516.39 | 400,295,405.58 | -13,888,293,317.35 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 44.12 | 17.19 | 10.79 | -0.35 | 48.56 | -1,684.74 | 58,452.29 | -2,028,008.67 | 70,361,984.96 | -2,441,216,841.10 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | - | 17.19 | 10.79 | - | - | -1,684.74 | 58,452.29 | -2,028,008.67 | 70,361,984.96 | -2,441,216,841.10 |
Weighted Average Cost Of Capital
| Share price | $ 14.75 |
|---|---|
| Beta | 0.836 |
| Diluted Shares Outstanding | 98.27 |
| Cost of Debt | |
| Tax Rate | 0.00 |
| After-tax Cost of Debt | 2.74% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 7.638 |
| Total Debt | 222.98 |
| Total Equity | 1,449.50 |
| Total Capital | 1,672.48 |
| Debt Weighting | 13.33 |
| Equity Weighting | 86.67 |
| Wacc |
Build Up Free Cash Flow
Year A/P | 2017 Actual | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected |
| Revenue | 251 | 97.79 | 61.36 | -1.98 | 276.25 | -9,584.64 | 332,540.13 | -11,537,516.39 | 400,295,405.58 | -13,888,293,317.35 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 44.12 | 17.19 | 10.79 | -0.35 | 48.56 | -1,684.74 | 58,452.29 | -2,028,008.67 | 70,361,984.96 | -2,441,216,841.10 |
| Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | 17.19 | 10.79 | - | - | -1,684.74 | 58,452.29 | -2,028,008.67 | 70,361,984.96 | -2,441,216,841.10 |
| WACC | ||||||||||
| PV LFCF | -1,574.82 | 51,073.59 | -1,656,387.82 | 53,718,973.90 | -1,742,181,467.24 | |||||
| SUM PV LFCF | -1,690,069,382.40 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 6.98 |
| Free cash flow (t + 1) | -2,490,041,177.92 |
| Terminal Value | -50,000,826,865.93 |
| Present Value of Terminal Value | -35,683,234,871.28 |
Intrinsic Value
| Enterprise Value | -37,373,304,253.68 |
|---|---|
| Net Debt | 222.59 |
| Equity Value | -37,373,304,476.27 |
| Shares Outstanding | 98.27 |
| Equity Value Per Share | -380,308,657.51 |