Discounted Cash Flow (DCF) Analysis Levered
Templeton Emerging Markets Fund (EMF)
$12.49
-0.05 (-0.40%)
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 | 80.51 | -5.42 | -0.57 | 42.47 | 51.58 | -937.79 | 17,049.01 | -309,951.23 | 5,634,917.65 | -102,442,881.05 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 80.19 | -5.83 | -1.17 | 58.06 | 70.52 | -1,282.05 | 23,307.69 | -423,734.13 | 7,703,492.31 | -140,049,597.12 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | - | - | - | 58.06 | 70.52 | -1,282.05 | 23,307.69 | -423,734.13 | 7,703,492.31 | -140,049,597.12 |
Weighted Average Cost Of Capital
| Share price | $ 12.49 |
|---|---|
| Beta | 0.868 |
| Diluted Shares Outstanding | 16.26 |
| Cost of Debt | |
| Tax Rate | 0.00 |
| After-tax Cost of Debt | 1.14% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 6.989 |
| Total Debt | 15 |
| Total Equity | 203.05 |
| Total Capital | 218.05 |
| Debt Weighting | 6.88 |
| Equity Weighting | 93.12 |
| 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 | 80.51 | -5.42 | -0.57 | 42.47 | 51.58 | -937.79 | 17,049.01 | -309,951.23 | 5,634,917.65 | -102,442,881.05 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 80.19 | -5.83 | -1.17 | 58.06 | 70.52 | -1,282.05 | 23,307.69 | -423,734.13 | 7,703,492.31 | -140,049,597.12 |
| Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | 58.06 | 70.52 | -1,282.05 | 23,307.69 | -423,734.13 | 7,703,492.31 | -140,049,597.12 |
| WACC | ||||||||||
| PV LFCF | -1,202.79 | 20,514.75 | -349,900.09 | 5,967,903.67 | -101,788,696.49 | |||||
| SUM PV LFCF | -96,151,380.94 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 6.59 |
| Free cash flow (t + 1) | -142,850,589.07 |
| Terminal Value | -3,112,213,269.42 |
| Present Value of Terminal Value | -2,261,971,033.04 |
Intrinsic Value
| Enterprise Value | -2,358,122,413.98 |
|---|---|
| Net Debt | 14.99 |
| Equity Value | -2,358,122,428.98 |
| Shares Outstanding | 16.26 |
| Equity Value Per Share | -145,054,963.87 |