Discounted Cash Flow (DCF) Analysis Levered
MFS Investment Grade Municipal Trus... (CXH)
$6.91
-0.18 (-2.54%)
All numbers are in Millions, Currency in USD
Free Cash Flow
Year A/P | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected |
| Revenue | 1.40 | 9.60 | 4.55 | 5.14 | -18.17 | -22.48 | -27.82 | -34.43 | -42.61 | -52.73 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 11.35 | 1.97 | 5.50 | 4.08 | -0.30 | -46.56 | -57.62 | -71.31 | -88.24 | -109.20 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | - | - | - | - | - | -46.56 | -57.62 | -71.31 | -88.24 | -109.20 |
Weighted Average Cost Of Capital
| Share price | $ 6.91 |
|---|---|
| Beta | 0.475 |
| Diluted Shares Outstanding | 9.17 |
| Cost of Debt | |
| Tax Rate | 0.00 |
| After-tax Cost of Debt | -% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 7.044 |
| Total Debt | - |
| Total Equity | 63.36 |
| Total Capital | - |
| Debt Weighting | - |
| Equity Weighting | - |
| Wacc |
Build Up Free Cash Flow
Year A/P | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected |
| Revenue | 1.40 | 9.60 | 4.55 | 5.14 | -18.17 | -22.48 | -27.82 | -34.43 | -42.61 | -52.73 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 11.35 | 1.97 | 5.50 | 4.08 | -0.30 | -46.56 | -57.62 | -71.31 | -88.24 | -109.20 |
| Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | -46.56 | -57.62 | -71.31 | -88.24 | -109.20 |
| WACC | ||||||||||
| PV LFCF | - | - | - | - | - | |||||
| SUM PV LFCF | - |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | - |
| Free cash flow (t + 1) | -111.38 |
| Terminal Value | - |
| Present Value of Terminal Value | - |
Intrinsic Value
| Enterprise Value | - |
|---|---|
| Net Debt | - |
| Equity Value | - |
| Shares Outstanding | 9.17 |
| Equity Value Per Share | - |