Discounted Cash Flow (DCF) Analysis Levered

Creative Media & Community Trust Co... (CMCT)

$6.11

-0.06 (-0.97%)
All numbers are in Millions, Currency in USD
Stock DCF: -599.70 | 6.11 | 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 236.38197.72139.9977.2190.9374.4260.9049.8440.7933.39
Revenue (%)
Operating Cash Flow -1.1560.1540.9912.8346.2818.8615.4412.6310.348.46
Operating Cash Flow (%)
Capital Expenditure 971.38-124.10916.43258.09303.94248.75203.59166.62136.36111.60
Capital Expenditure (%)
Free Cash Flow 970.24-63.95957.42270.91350.22267.62219.02179.25146.70120.07

Weighted Average Cost Of Capital

Share price $ 6.11
Beta 0.499
Diluted Shares Outstanding 19.19
Cost of Debt
Tax Rate 139.70
After-tax Cost of Debt -1.86%
Risk-Free Rate
Market Risk Premium
Cost of Equity 6.045
Total Debt 201.15
Total Equity 117.23
Total Capital 318.38
Debt Weighting 63.18
Equity Weighting 36.82
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 236.38197.72139.9977.2190.9374.4260.9049.8440.7933.39
Operating Cash Flow -1.1560.1540.9912.8346.2818.8615.4412.6310.348.46
Capital Expenditure 971.38-124.10916.43258.09303.94248.75203.59166.62136.36111.60
Free Cash Flow 970.24-63.95957.42270.91350.22267.62219.02179.25146.70120.07
WACC
PV LFCF 254205.72166.61134.94109.29
SUM PV LFCF 907.71

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 1.05
Free cash flow (t + 1) 122.47
Terminal Value -12,891.30
Present Value of Terminal Value -12,235.31

Intrinsic Value

Enterprise Value -11,327.60
Net Debt 178.83
Equity Value -11,506.44
Shares Outstanding 19.19
Equity Value Per Share -599.70