Discounted Cash Flow (DCF) Analysis Levered

BNY Mellon Alcentra Global Credit I... (DCF)

$7.45

-0.10 (-1.26%)
All numbers are in Millions, Currency in USD
Stock DCF: -2.72 | 7.45 | overvalue

Free Cash Flow

Year
A/P
2019
Actual
2020
Actual
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
Revenue 3.221.120.390.140.050.020.01
Revenue (%)
Operating Cash Flow 1.8821.223.811.320.460.160.06
Operating Cash Flow (%)
Capital Expenditure -------
Capital Expenditure (%)
Free Cash Flow --3.811.320.460.160.06

Weighted Average Cost Of Capital

Share price $ 7.45
Beta 0.000
Diluted Shares Outstanding 14.96
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt 2.67%
Risk-Free Rate
Market Risk Premium
Cost of Equity 3.703
Total Debt 50
Total Equity 111.48
Total Capital 161.48
Debt Weighting 30.96
Equity Weighting 69.04
Wacc

Build Up Free Cash Flow

Year
A/P
2019
Actual
2020
Actual
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
Revenue 3.221.120.390.140.050.020.01
Operating Cash Flow 1.8821.223.811.320.460.160.06
Capital Expenditure -------
Free Cash Flow --3.811.320.460.160.06
WACC
PV LFCF 4.071.370.460.160.05
SUM PV LFCF 5.53

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 3.38
Free cash flow (t + 1) 0.06
Terminal Value 4.13
Present Value of Terminal Value 3.49

Intrinsic Value

Enterprise Value 9.02
Net Debt 49.79
Equity Value -40.77
Shares Outstanding 14.96
Equity Value Per Share -2.72