Discounted Cash Flow (DCF) Analysis Levered

Blueknight Energy Partners, L.P. (BKEPP)

$8.71

+0.01 (+0.11%)
All numbers are in Millions, Currency in USD
Stock DCF: -0.09 | 8.71 | overvalue

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 181.94384.84371.07110.255.294.533.883.322.842.43
Revenue (%)
Operating Cash Flow 54.4948.7849.8461.171.481.261.080.930.790.68
Operating Cash Flow (%)
Capital Expenditure -18.72-34.40-12.75-16.33-0.50-0.42-0.36-0.31-0.27-0.23
Capital Expenditure (%)
Free Cash Flow 35.7814.3837.0944.840.980.840.720.620.530.45

Weighted Average Cost Of Capital

Share price $ 8.71
Beta 1.622
Diluted Shares Outstanding 41.94
Cost of Debt
Tax Rate -0.06
After-tax Cost of Debt 0.10%
Risk-Free Rate
Market Risk Premium
Cost of Equity 10.446
Total Debt 10.97
Total Equity 365.30
Total Capital 376.28
Debt Weighting 2.92
Equity Weighting 97.08
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 181.94384.84371.07110.255.294.533.883.322.842.43
Operating Cash Flow 54.4948.7849.8461.171.481.261.080.930.790.68
Capital Expenditure -18.72-34.40-12.75-16.33-0.50-0.42-0.36-0.31-0.27-0.23
Free Cash Flow 35.7814.3837.0944.840.980.840.720.620.530.45
WACC
PV LFCF 0.760.590.460.360.28
SUM PV LFCF 2.45

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 10.14
Free cash flow (t + 1) 0.46
Terminal Value 5.65
Present Value of Terminal Value 3.49

Intrinsic Value

Enterprise Value 5.94
Net Debt 9.80
Equity Value -3.87
Shares Outstanding 41.94
Equity Value Per Share -0.09