Discounted Cash Flow (DCF) Analysis Levered

BlackRock Capital Investment Corpor... (BKCC)

$3.89

-0.02 (-0.51%)
All numbers are in Millions, Currency in USD
Stock DCF: 11,426.60 | 3.89 | undervalue

Free Cash Flow

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
Revenue -10.95-7.76-10471.31319.031,427.376,386.1828,572.36127,835.25571,946.27
Revenue (%)
Operating Cash Flow 82.04-76.78170.64-0.5660.12268.981,203.465,384.3924,090.23107,781.81
Operating Cash Flow (%)
Capital Expenditure ----------
Capital Expenditure (%)
Free Cash Flow ----60.12268.981,203.465,384.3924,090.23107,781.81

Weighted Average Cost Of Capital

Share price $ 3.89
Beta 1.458
Diluted Shares Outstanding 86.80
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt 5.00%
Risk-Free Rate
Market Risk Premium
Cost of Equity 9.676
Total Debt -
Total Equity 337.63
Total Capital 337.63
Debt Weighting 0.00
Equity Weighting 100.00
Wacc

Build Up Free Cash Flow

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
Revenue -10.95-7.76-10471.31319.031,427.376,386.1828,572.36127,835.25571,946.27
Operating Cash Flow 82.04-76.78170.64-0.5660.12268.981,203.465,384.3924,090.23107,781.81
Capital Expenditure ----------
Free Cash Flow ----60.12268.981,203.465,384.3924,090.23107,781.81
WACC
PV LFCF 60.12245.241,000.414,080.8816,646.8167,906.02
SUM PV LFCF 89,879.37

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 9.68
Free cash flow (t + 1) 109,937.45
Terminal Value 1,431,477.17
Present Value of Terminal Value 901,876.81

Intrinsic Value

Enterprise Value 991,756.17
Net Debt -22.36
Equity Value 991,778.53
Shares Outstanding 86.80
Equity Value Per Share 11,426.60