Discounted Cash Flow (DCF) Analysis Levered

Wells Fargo Advantage Funds - Allsp... (EAD)

$6.86

-0.10 (-1.44%)
All numbers are in Millions, Currency in USD
Stock DCF: -2.98 | 6.86 | overvalue

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 25.7237.36-43.47138.58-28.7222.30-17.3213.45-10.448.11
Revenue (%)
Operating Cash Flow 61.8489.72131.7112.8743.911.52-1.180.91-0.710.55
Operating Cash Flow (%)
Capital Expenditure ----------
Capital Expenditure (%)
Free Cash Flow -----1.52-1.180.91-0.710.55

Weighted Average Cost Of Capital

Share price $ 6.86
Beta 0.834
Diluted Shares Outstanding 60.46
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt 0.84%
Risk-Free Rate
Market Risk Premium
Cost of Equity 7.569
Total Debt 194
Total Equity 414.75
Total Capital 608.75
Debt Weighting 31.87
Equity Weighting 68.13
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 25.7237.36-43.47138.58-28.7222.30-17.3213.45-10.448.11
Operating Cash Flow 61.8489.72131.7112.8743.911.52-1.180.91-0.710.55
Capital Expenditure ----------
Free Cash Flow -----1.52-1.180.91-0.710.55
WACC
PV LFCF 1.16-0.860.63-0.470.34
SUM PV LFCF 1.01

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 5.42
Free cash flow (t + 1) 0.56
Terminal Value 16.45
Present Value of Terminal Value 12.63

Intrinsic Value

Enterprise Value 13.64
Net Debt 194
Equity Value -180.36
Shares Outstanding 60.46
Equity Value Per Share -2.98