Discounted Cash Flow (DCF) Analysis Levered

Eaton Vance Tax-Managed Global Buy-... (ETW)

$8.06

-0.02 (-0.25%)
All numbers are in Millions, Currency in USD
Stock DCF: -0.30 | 8.06 | overvalue

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 -86.48179.4776.66161.77-184.4831.27-5.300.90-0.150.03
Revenue (%)
Operating Cash Flow 133.65-277.35-118.47-250285.08-48.338.19-1.390.24-0.04
Operating Cash Flow (%)
Capital Expenditure -18.7538.9016.6235.07-39.996.78-1.150.19-0.030.01
Capital Expenditure (%)
Free Cash Flow 114.90-238.44-101.85-214.93245.09-41.557.04-1.190.20-0.03

Weighted Average Cost Of Capital

Share price $ 8.06
Beta 0.962
Diluted Shares Outstanding 107.14
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt 5.00%
Risk-Free Rate
Market Risk Premium
Cost of Equity 8.751
Total Debt -
Total Equity 863.51
Total Capital 863.51
Debt Weighting 0.00
Equity Weighting 100.00
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 -86.48179.4776.66161.77-184.4831.27-5.300.90-0.150.03
Operating Cash Flow 133.65-277.35-118.47-250285.08-48.338.19-1.390.24-0.04
Capital Expenditure -18.7538.9016.6235.07-39.996.78-1.150.19-0.030.01
Free Cash Flow 114.90-238.44-101.85-214.93245.09-41.557.04-1.190.20-0.03
WACC
PV LFCF -38.215.96-0.930.14-0.02
SUM PV LFCF -33.06

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 8.75
Free cash flow (t + 1) -0.04
Terminal Value -0.52
Present Value of Terminal Value -0.34

Intrinsic Value

Enterprise Value -33.40
Net Debt -1.31
Equity Value -32.09
Shares Outstanding 107.14
Equity Value Per Share -0.30