Discounted Cash Flow (DCF) Analysis Levered
Eagle Point Credit Company Inc. (ECCB)
$24.99
0.00 (-%)
All numbers are in Millions, Currency in USD
Free Cash Flow
Year A/P | 2017 Actual | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected |
Revenue | 35.10 | -49.60 | -5.37 | 64.06 | 140.84 | -388.39 | 1,071.06 | -2,953.66 | 8,145.29 | -22,462.18 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | -29.02 | -45.80 | 26.94 | 1.22 | -114.71 | 443.89 | -1,224.11 | 3,375.72 | -9,309.20 | 25,671.90 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | - | - | - | - | - | 443.89 | -1,224.11 | 3,375.72 | -9,309.20 | 25,671.90 |
Weighted Average Cost Of Capital
Share price | $ 24.99 |
---|---|
Beta | 1.083 |
Diluted Shares Outstanding | 16.32 |
Cost of Debt | |
Tax Rate | 0.00 |
After-tax Cost of Debt | 10.28% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 8.628 |
Total Debt | 140.69 |
Total Equity | 407.91 |
Total Capital | 548.61 |
Debt Weighting | 25.65 |
Equity Weighting | 74.35 |
Wacc |
Build Up Free Cash Flow
Year A/P | 2017 Actual | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected |
Revenue | 35.10 | -49.60 | -5.37 | 64.06 | 140.84 | -388.39 | 1,071.06 | -2,953.66 | 8,145.29 | -22,462.18 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | -29.02 | -45.80 | 26.94 | 1.22 | -114.71 | 443.89 | -1,224.11 | 3,375.72 | -9,309.20 | 25,671.90 |
Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
Free Cash Flow | - | - | - | - | - | 443.89 | -1,224.11 | 3,375.72 | -9,309.20 | 25,671.90 |
WACC | ||||||||||
PV LFCF | 342.29 | -865.60 | 2,188.96 | -5,535.52 | 13,998.40 | |||||
SUM PV LFCF | 12,044.75 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 9.05 |
Free cash flow (t + 1) | 26,185.34 |
Terminal Value | 371,423.27 |
Present Value of Terminal Value | 240,846.73 |
Intrinsic Value
Enterprise Value | 252,891.49 |
---|---|
Net Debt | 126.78 |
Equity Value | 252,764.71 |
Shares Outstanding | 16.32 |
Equity Value Per Share | 15,485.19 |