Discounted Cash Flow (DCF) Analysis Levered

DTF Tax-Free Income 2028 Term Fund ... (DTF)

$12.35

-0.07 (-0.56%)
All numbers are in Millions, Currency in USD

Free Cash Flow

Year
A/P
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
Revenue 1.66-3.2814.885.05-10.3921.37-43.9690.41-185.96
Revenue (%)
Operating Cash Flow 3.036.913.644.67-2.304.74-9.7420.04-41.22
Operating Cash Flow (%)
Capital Expenditure ---------
Capital Expenditure (%)
Free Cash Flow -----2.304.74-9.7420.04-41.22

Weighted Average Cost Of Capital

Share price $ 12.35
Beta 0.266
Diluted Shares Outstanding 8.53
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt -%
Risk-Free Rate
Market Risk Premium
Cost of Equity 4.044
Total Debt -
Total Equity 105.37
Total Capital -
Debt Weighting -
Equity Weighting -
Wacc

Build Up Free Cash Flow

Year
A/P
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
Revenue 1.66-3.2814.885.05-10.3921.37-43.9690.41-185.96
Operating Cash Flow 3.036.913.644.67-2.304.74-9.7420.04-41.22
Capital Expenditure ---------
Free Cash Flow -----2.304.74-9.7420.04-41.22
WACC
PV LFCF -2.30----
SUM PV LFCF -

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) -
Free cash flow (t + 1) -42.04
Terminal Value -
Present Value of Terminal Value -

Intrinsic Value

Enterprise Value -
Net Debt -1.62
Equity Value -
Shares Outstanding 8.53
Equity Value Per Share -