Discounted Cash Flow (DCF) Analysis Levered

BlackRock Enhanced Global Dividend ... (BOE)

$10.15

+0.01 (+0.10%)
All numbers are in Millions, Currency in USD
Stock DCF: 0.39 | 10.15 | 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 147.73-90.34131.4042.86119.8931.698.382.210.590.15
Revenue (%)
Operating Cash Flow 161.7467.0280.9961.6850.7017.944.741.250.330.09
Operating Cash Flow (%)
Capital Expenditure ----------
Capital Expenditure (%)
Free Cash Flow -----17.944.741.250.330.09

Weighted Average Cost Of Capital

Share price $ 10.15
Beta 0.909
Diluted Shares Outstanding 59.12
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt 5.00%
Risk-Free Rate
Market Risk Premium
Cost of Equity 7.810
Total Debt -
Total Equity 600.06
Total Capital 600.06
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 147.73-90.34131.4042.86119.8931.698.382.210.590.15
Operating Cash Flow 161.7467.0280.9961.6850.7017.944.741.250.330.09
Capital Expenditure ----------
Free Cash Flow -----17.944.741.250.330.09
WACC
PV LFCF 16.644.0810.250.06
SUM PV LFCF 22.03

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 7.81
Free cash flow (t + 1) 0.09
Terminal Value 1.54
Present Value of Terminal Value 1.06

Intrinsic Value

Enterprise Value 23.09
Net Debt -0.06
Equity Value 23.14
Shares Outstanding 59.12
Equity Value Per Share 0.39