Discounted Cash Flow (DCF) Analysis Levered
Allspring Multi-Sector Income Fund (ERC)
$9.01
-0.04 (-0.44%)
All numbers are in Millions, Currency in USD
Free Cash Flow
Year A/P | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected |
| Revenue | 1.09 | 40.67 | -0.52 | 43.68 | -55.92 | 683.37 | -8,351.05 | 102,052.59 | -1,247,117.17 | 15,240,192.94 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 85.62 | 63.95 | 92.31 | 34.87 | 51.77 | -13,586.92 | 166,036.77 | -2,029,025.39 | 24,795,375.43 | -303,007,860.70 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | - | - | - | - | - | -13,586.92 | 166,036.77 | -2,029,025.39 | 24,795,375.43 | -303,007,860.70 |
Weighted Average Cost Of Capital
| Share price | $ 9.01 |
|---|---|
| Beta | 0.702 |
| Diluted Shares Outstanding | 28.12 |
| Cost of Debt | |
| Tax Rate | -4.04 |
| After-tax Cost of Debt | 1.91% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 8.117 |
| Total Debt | 119 |
| Total Equity | 253.36 |
| Total Capital | 372.36 |
| Debt Weighting | 31.96 |
| Equity Weighting | 68.04 |
| Wacc |
Build Up Free Cash Flow
Year A/P | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected |
| Revenue | 1.09 | 40.67 | -0.52 | 43.68 | -55.92 | 683.37 | -8,351.05 | 102,052.59 | -1,247,117.17 | 15,240,192.94 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 85.62 | 63.95 | 92.31 | 34.87 | 51.77 | -13,586.92 | 166,036.77 | -2,029,025.39 | 24,795,375.43 | -303,007,860.70 |
| Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | -13,586.92 | 166,036.77 | -2,029,025.39 | 24,795,375.43 | -303,007,860.70 |
| WACC | ||||||||||
| PV LFCF | -11,365.97 | 130,873.47 | -1,506,942.43 | 17,351,686.92 | -199,795,979.94 | |||||
| SUM PV LFCF | -207,060,280.44 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 6.13 |
| Free cash flow (t + 1) | -309,068,017.91 |
| Terminal Value | -7,483,487,116.57 |
| Present Value of Terminal Value | -5,557,931,554.54 |
Intrinsic Value
| Enterprise Value | -5,764,991,834.97 |
|---|---|
| Net Debt | 119 |
| Equity Value | -5,764,991,953.97 |
| Shares Outstanding | 28.12 |
| Equity Value Per Share | -205,012,400.30 |