Discounted Cash Flow (DCF) Analysis Levered

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

$20.24

-0.03 (-0.15%)
All numbers are in Millions, Currency in USD
Stock DCF: 6,246.10 | 20.24 | undervalue

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 72.73-4.4158.246.68169.51518.551,586.334,852.8614,845.7545,415.73
Revenue (%)
Operating Cash Flow 30.1020.1731.7229.7216.4796.80296.14905.942,771.428,478.26
Operating Cash Flow (%)
Capital Expenditure ----------
Capital Expenditure (%)
Free Cash Flow -----96.80296.14905.942,771.428,478.26

Weighted Average Cost Of Capital

Share price $ 20.24
Beta 1.524
Diluted Shares Outstanding 15.69
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt 0.62%
Risk-Free Rate
Market Risk Premium
Cost of Equity 10.996
Total Debt 103
Total Equity 317.48
Total Capital 420.48
Debt Weighting 24.50
Equity Weighting 75.50
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 72.73-4.4158.246.68169.51518.551,586.334,852.8614,845.7545,415.73
Operating Cash Flow 30.1020.1731.7229.7216.4796.80296.14905.942,771.428,478.26
Capital Expenditure ----------
Free Cash Flow -----96.80296.14905.942,771.428,478.26
WACC
PV LFCF 89.26251.79710.252,003.485,651.44
SUM PV LFCF 8,706.21

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 8.45
Free cash flow (t + 1) 8,647.83
Terminal Value 134,074.85
Present Value of Terminal Value 89,371.60

Intrinsic Value

Enterprise Value 98,077.82
Net Debt 103
Equity Value 97,974.82
Shares Outstanding 15.69
Equity Value Per Share 6,246.10