Discounted Cash Flow (DCF) Analysis Levered

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

$6.2

0.00 (0.00%)
All numbers are in Millions, Currency in USD
Stock DCF: -2.97 | 6.2 | 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 $ 6.2
Beta 0.782
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 7.494
Total Debt 194
Total Equity 374.84
Total Capital 568.84
Debt Weighting 34.10
Equity Weighting 65.90
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 1.44-1.060.78-0.580.43
SUM PV LFCF 1.01

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 5.22
Free cash flow (t + 1) 0.56
Terminal Value 17.47
Present Value of Terminal Value 13.54

Intrinsic Value

Enterprise Value 14.55
Net Debt 194
Equity Value -179.45
Shares Outstanding 60.46
Equity Value Per Share -2.97