Discounted Cash Flow (DCF) Analysis Levered
BlackRock Utilities, Infrastructure... (BUI)
$22.34
+0.40 (+1.82%)
All numbers are in Millions, Currency in USD
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 | 54.31 | -14.30 | 80.86 | 59.17 | 119.89 | -94.74 | 74.86 | -59.15 | 46.74 | -36.93 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 23.98 | 23.57 | 16.79 | -2.28 | -46.80 | 27.06 | -21.38 | 16.89 | -13.35 | 10.55 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | - | - | - | - | - | 27.06 | -21.38 | 16.89 | -13.35 | 10.55 |
Weighted Average Cost Of Capital
Share price | $ 22.34 |
---|---|
Beta | 0.000 |
Diluted Shares Outstanding | 18.05 |
Cost of Debt | |
Tax Rate | 0.00 |
After-tax Cost of Debt | 5.00% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 3.691 |
Total Debt | - |
Total Equity | 403.15 |
Total Capital | 403.15 |
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 | 54.31 | -14.30 | 80.86 | 59.17 | 119.89 | -94.74 | 74.86 | -59.15 | 46.74 | -36.93 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 23.98 | 23.57 | 16.79 | -2.28 | -46.80 | 27.06 | -21.38 | 16.89 | -13.35 | 10.55 |
Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
Free Cash Flow | - | - | - | - | - | 27.06 | -21.38 | 16.89 | -13.35 | 10.55 |
WACC | ||||||||||
PV LFCF | 26.09 | -19.89 | 15.15 | -11.55 | 8.80 | |||||
SUM PV LFCF | 18.61 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 3.69 |
Free cash flow (t + 1) | 10.76 |
Terminal Value | 636.66 |
Present Value of Terminal Value | 531.16 |
Intrinsic Value
Enterprise Value | 549.78 |
---|---|
Net Debt | -0.59 |
Equity Value | 550.36 |
Shares Outstanding | 18.05 |
Equity Value Per Share | 30.50 |