Discounted Cash Flow (DCF) Analysis Levered

Eaton Vance Tax-Advantaged Global D... (ETO)

$24.71

-0.08 (-0.32%)
All numbers are in Millions, Currency in USD
Stock DCF: 196,723.53 | 24.71 | undervalue

Free Cash Flow

Year
A/P
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Actual
2024
Projected
2025
Projected
2026
Projected
2027
Projected
2028
Projected
Revenue 58.246.68169.51-117.6938.97238.411,458.598,923.7954,596.59334,026.92
Revenue (%)
Operating Cash Flow 31.7229.7216.4725.0327.04265.721,625.719,946.2360,851.94372,297.74
Operating Cash Flow (%)
Capital Expenditure ----------
Capital Expenditure (%)
Free Cash Flow -----265.721,625.719,946.2360,851.94372,297.74

Weighted Average Cost Of Capital

Share price $ 24.71
Beta 1.479
Diluted Shares Outstanding 16.39
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt 5.53%
Risk-Free Rate
Market Risk Premium
Cost of Equity 11.145
Total Debt 103
Total Equity 404.95
Total Capital 507.95
Debt Weighting 20.28
Equity Weighting 79.72
Wacc

Build Up Free Cash Flow

Year
A/P
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Actual
2024
Projected
2025
Projected
2026
Projected
2027
Projected
2028
Projected
Revenue 58.246.68169.51-117.6938.97238.411,458.598,923.7954,596.59334,026.92
Operating Cash Flow 31.7229.7216.4725.0327.04265.721,625.719,946.2360,851.94372,297.74
Capital Expenditure ----------
Free Cash Flow -----265.721,625.719,946.2360,851.94372,297.74
WACC
PV LFCF 241.541,343.327,470.7141,547.58231,062.56
SUM PV LFCF 281,665.71

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 10.01
Free cash flow (t + 1) 379,743.69
Terminal Value 4,740,870.08
Present Value of Terminal Value 2,942,369.64

Intrinsic Value

Enterprise Value 3,224,035.35
Net Debt 102.97
Equity Value 3,223,932.38
Shares Outstanding 16.39
Equity Value Per Share 196,723.53