Discounted Cash Flow (DCF) Analysis Levered

BlackRock Municipal Income Trust II (BLE)

$10.52

-0.06 (-0.57%)
All numbers are in Millions, Currency in USD
Stock DCF: -6,363.97 | 10.52 | 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 -13.9530.858.2137.3380.98175.71381.23827.151,794.66
Revenue (%)
Operating Cash Flow 25.9722.2424.391.3234.97-298.82-648.35-1,406.71-3,052.12-6,622.13
Operating Cash Flow (%)
Capital Expenditure ----------
Capital Expenditure (%)
Free Cash Flow ------298.82-648.35-1,406.71-3,052.12-6,622.13

Weighted Average Cost Of Capital

Share price $ 10.52
Beta 0.404
Diluted Shares Outstanding 23.95
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt 5.00%
Risk-Free Rate
Market Risk Premium
Cost of Equity 5.600
Total Debt -
Total Equity 251.99
Total Capital 251.99
Debt Weighting 0.00
Equity Weighting 100.00
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 -13.9530.858.2137.3380.98175.71381.23827.151,794.66
Operating Cash Flow 25.9722.2424.391.3234.97-298.82-648.35-1,406.71-3,052.12-6,622.13
Capital Expenditure ----------
Free Cash Flow ------298.82-648.35-1,406.71-3,052.12-6,622.13
WACC
PV LFCF -282.98-581.41-1,194.57-2,454.40-5,042.87
SUM PV LFCF -9,556.23

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 5.60
Free cash flow (t + 1) -6,754.57
Terminal Value -187,627.04
Present Value of Terminal Value -142,881.45

Intrinsic Value

Enterprise Value -152,437.68
Net Debt -0
Equity Value -152,437.68
Shares Outstanding 23.95
Equity Value Per Share -6,363.97