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
Free Cash Flow
Year A/P | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Projected | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected |
Revenue | 6.34 | 8.63 | -8.21 | -1.68 | -0.34 | -0.07 | -0.01 | -0 |
---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||
Operating Cash Flow | -351.46 | 20.76 | 24.89 | 31.42 | 6.43 | 1.32 | 0.27 | 0.06 |
Operating Cash Flow (%) | ||||||||
Capital Expenditure | - | - | - | - | - | - | - | - |
Capital Expenditure (%) | ||||||||
Free Cash Flow | - | - | - | 31.42 | 6.43 | 1.32 | 0.27 | 0.06 |
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 | 3.532 |
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 | 6.34 | 8.63 | -8.21 | -1.68 | -0.34 | -0.07 | -0.01 | -0 |
---|---|---|---|---|---|---|---|---|
Operating Cash Flow | -351.46 | 20.76 | 24.89 | 31.42 | 6.43 | 1.32 | 0.27 | 0.06 |
Capital Expenditure | - | - | - | - | - | - | - | - |
Free Cash Flow | - | - | - | 31.42 | 6.43 | 1.32 | 0.27 | 0.06 |
WACC | ||||||||
PV LFCF | 32.61 | 6.43 | 1.27 | 0.25 | 0.05 | |||
SUM PV LFCF | 37.68 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 3.81 |
Free cash flow (t + 1) | 0.06 |
Terminal Value | 3.10 |
Present Value of Terminal Value | 2.58 |
Intrinsic Value
Enterprise Value | 40.26 |
---|---|
Net Debt | 76.60 |
Equity Value | -36.34 |
Shares Outstanding | 23.92 |
Equity Value Per Share | -1.52 |