Discounted Cash Flow (DCF) Analysis Levered

Eagle Point Income Company Inc. (EIC)

$14.1315

+0.13 (+0.90%)
All numbers are in Millions, Currency in USD
Stock DCF: -816,905.28 | 14.1315 | overvalue

Free Cash Flow

Year
A/P
2018
Actual
2019
Actual
2020
Projected
2021
Projected
2022
Projected
2023
Projected
2024
Projected
Revenue 1.328.3452.79334.252,116.5413,402.3684,866.28
Revenue (%)
Operating Cash Flow -0.41-52.25-173.72-1,100.02-6,965.56-44,107.27-279,295.65
Operating Cash Flow (%)
Capital Expenditure -------
Capital Expenditure (%)
Free Cash Flow ---173.72-1,100.02-6,965.56-44,107.27-279,295.65

Weighted Average Cost Of Capital

Share price $ 14.1,315
Beta 0.547
Diluted Shares Outstanding 6.02
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt 6.85%
Risk-Free Rate
Market Risk Premium
Cost of Equity 6.400
Total Debt 13.68
Total Equity 85.05
Total Capital 98.72
Debt Weighting 13.85
Equity Weighting 86.15
Wacc

Build Up Free Cash Flow

Year
A/P
2018
Actual
2019
Actual
2020
Projected
2021
Projected
2022
Projected
2023
Projected
2024
Projected
Revenue 1.328.3452.79334.252,116.5413,402.3684,866.28
Operating Cash Flow -0.41-52.25-173.72-1,100.02-6,965.56-44,107.27-279,295.65
Capital Expenditure -------
Free Cash Flow ---173.72-1,100.02-6,965.56-44,107.27-279,295.65
WACC
PV LFCF -196.89-1,171.09-6,965.56-41,430.83-246,428.67
SUM PV LFCF -245,479.64

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 6.46
Free cash flow (t + 1) -284,881.56
Terminal Value -6,387,478.90
Present Value of Terminal Value -4,670,863.43

Intrinsic Value

Enterprise Value -4,916,343.07
Net Debt 13.48
Equity Value -4,916,356.55
Shares Outstanding 6.02
Equity Value Per Share -816,905.28