Discounted Cash Flow (DCF) Analysis Levered
Delaware Enhanced Global Dividend a... (DEX)
$7.56
-0.06 (-0.79%)
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 | -17.53 | 16.38 | 2.83 | 12.36 | -12.44 | -8.09 | -5.26 | -3.42 | -2.22 | -1.45 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 66.40 | 25.95 | 25.33 | 7.78 | 32.62 | -7.69 | -5 | -3.25 | -2.12 | -1.38 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | - | - | - | - | - | -7.69 | -5 | -3.25 | -2.12 | -1.38 |
Weighted Average Cost Of Capital
| Share price | $ 7.56 |
|---|---|
| Beta | 0.000 |
| Diluted Shares Outstanding | 12.22 |
| Cost of Debt | |
| Tax Rate | 0.00 |
| After-tax Cost of Debt | 4.25% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 4.255 |
| Total Debt | 34.10 |
| Total Equity | 92.37 |
| Total Capital | 126.47 |
| Debt Weighting | 26.96 |
| Equity Weighting | 73.04 |
| 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 | -17.53 | 16.38 | 2.83 | 12.36 | -12.44 | -8.09 | -5.26 | -3.42 | -2.22 | -1.45 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 66.40 | 25.95 | 25.33 | 7.78 | 32.62 | -7.69 | -5 | -3.25 | -2.12 | -1.38 |
| Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | -7.69 | -5 | -3.25 | -2.12 | -1.38 |
| WACC | ||||||||||
| PV LFCF | -7.38 | -4.60 | -2.87 | -1.79 | -1.12 | |||||
| SUM PV LFCF | -17.76 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 4.25 |
| Free cash flow (t + 1) | -1.40 |
| Terminal Value | -62.37 |
| Present Value of Terminal Value | -50.65 |
Intrinsic Value
| Enterprise Value | -68.41 |
|---|---|
| Net Debt | 34.10 |
| Equity Value | -102.51 |
| Shares Outstanding | 12.22 |
| Equity Value Per Share | -8.39 |