Discounted Cash Flow (DCF) Analysis Levered

Eaton Vance Floating-Rate 2022 Targ... (EFL)

$8.63

-0.01 (-0.12%)
All numbers are in Millions, Currency in USD
Stock DCF: -1.52 | 8.63 | overvalue

Free Cash Flow

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
Revenue 6.348.63-8.21-1.68-0.34-0.07-0.01-0
Revenue (%)
Operating Cash Flow -351.4620.7624.8931.426.431.320.270.06
Operating Cash Flow (%)
Capital Expenditure --------
Capital Expenditure (%)
Free Cash Flow ---31.426.431.320.270.06

Weighted Average Cost Of Capital

Share price $ 8.63
Beta 0.000
Diluted Shares Outstanding 23.92
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt 4.53%
Risk-Free Rate
Market Risk Premium
Cost of Equity 3.599
Total Debt 79.50
Total Equity 206.46
Total Capital 285.96
Debt Weighting 27.80
Equity Weighting 72.20
Wacc

Build Up Free Cash Flow

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
Revenue 6.348.63-8.21-1.68-0.34-0.07-0.01-0
Operating Cash Flow -351.4620.7624.8931.426.431.320.270.06
Capital Expenditure --------
Free Cash Flow ---31.426.431.320.270.06
WACC
PV LFCF 29.125.741.130.220.04
SUM PV LFCF 37.66

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 3.86
Free cash flow (t + 1) 0.06
Terminal Value 3.02
Present Value of Terminal Value 2.50

Intrinsic Value

Enterprise Value 40.16
Net Debt 76.60
Equity Value -36.44
Shares Outstanding 23.92
Equity Value Per Share -1.52