Discounted Cash Flow (DCF) Analysis Levered

BlackRock Multi-Sector Income Trust (BIT)

$14.3875

+0.17 (+1.18%)
Financial Summary
Financial Statements
Quarter Financials
Chart
Financial Ratios
Profile
Historical Data
DCFDCF Levered
All numbers are in Millions, Currency in USD
Stock DCF: 43,648.96 | 14.3875 | 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 9.89-4.0470.7369.01-68.58307.60-1,379.706,188.34-27,756.49124,495.86
Revenue (%)
Operating Cash Flow 146.9854.6883.5920.48152.2335.36-158.61711.43-3,190.9514,312.34
Operating Cash Flow (%)
Capital Expenditure ----------
Capital Expenditure (%)
Free Cash Flow -----35.36-158.61711.43-3,190.9514,312.34

Weighted Average Cost Of Capital

Share price $ 14.3,875
Beta 0.000
Diluted Shares Outstanding 37.61
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt 1.35%
Risk-Free Rate
Market Risk Premium
Cost of Equity 3.562
Total Debt 293.52
Total Equity 541.13
Total Capital 834.65
Debt Weighting 35.17
Equity Weighting 64.83
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 9.89-4.0470.7369.01-68.58307.60-1,379.706,188.34-27,756.49124,495.86
Operating Cash Flow 146.9854.6883.5920.48152.2335.36-158.61711.43-3,190.9514,312.34
Capital Expenditure ----------
Free Cash Flow -----35.36-158.61711.43-3,190.9514,312.34
WACC
PV LFCF 34.41-150.15655.25-2,859.4712,478.65
SUM PV LFCF 10,158.68

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 2.78
Free cash flow (t + 1) 14,598.59
Terminal Value 1,871,613.51
Present Value of Terminal Value 1,631,823.21

Intrinsic Value

Enterprise Value 1,641,981.89
Net Debt 293.52
Equity Value 1,641,688.36
Shares Outstanding 37.61
Equity Value Per Share 43,648.96