Discounted Cash Flow (DCF) Analysis Levered

Eagle Point Credit Company Inc. (ECCB)

$24.99

0.00 (0.00%)
All numbers are in Millions, Currency in USD
Stock DCF: 15,513.28 | 24.99 | undervalue

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 35.10-49.60-5.3764.06140.84-388.391,071.06-2,953.668,145.29-22,462.18
Revenue (%)
Operating Cash Flow -29.02-45.8026.941.22-114.71443.89-1,224.113,375.72-9,309.2025,671.90
Operating Cash Flow (%)
Capital Expenditure ----------
Capital Expenditure (%)
Free Cash Flow -----443.89-1,224.113,375.72-9,309.2025,671.90

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 8.616
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 35.10-49.60-5.3764.06140.84-388.391,071.06-2,953.668,145.29-22,462.18
Operating Cash Flow -29.02-45.8026.941.22-114.71443.89-1,224.113,375.72-9,309.2025,671.90
Capital Expenditure ----------
Free Cash Flow -----443.89-1,224.113,375.72-9,309.2025,671.90
WACC
PV LFCF 407.09-1,029.562,603.81-6,585.2016,654.39
SUM PV LFCF 12,050.54

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 9.04
Free cash flow (t + 1) 26,185.34
Terminal Value 371,950.86
Present Value of Terminal Value 241,299.46

Intrinsic Value

Enterprise Value 253,350
Net Debt 126.78
Equity Value 253,223.22
Shares Outstanding 16.32
Equity Value Per Share 15,513.28