Discounted Cash Flow (DCF) Analysis Levered

First Trust/Abrdn Global Opportunit... (FAM)

$5.52

+0.11 (+1.94%)
All numbers are in Millions, Currency in USD
Stock DCF: -7.12 | 5.52 | overvalue

Free Cash Flow

Year
A/P
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
Revenue 27.85-12.6422.625.80-3.842.54-1.681.12-0.74
Revenue (%)
Operating Cash Flow 82.7116.379.8019.87-5.313.52-2.331.54-1.02
Operating Cash Flow (%)
Capital Expenditure ---------
Capital Expenditure (%)
Free Cash Flow -----5.313.52-2.331.54-1.02

Weighted Average Cost Of Capital

Share price $ 5.52
Beta 0.636
Diluted Shares Outstanding 12.69
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt 1.39%
Risk-Free Rate
Market Risk Premium
Cost of Equity 6.651
Total Debt 53.51
Total Equity 70.05
Total Capital 123.56
Debt Weighting 43.31
Equity Weighting 56.69
Wacc

Build Up Free Cash Flow

Year
A/P
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
Revenue 27.85-12.6422.625.80-3.842.54-1.681.12-0.74
Operating Cash Flow 82.7116.379.8019.87-5.313.52-2.331.54-1.02
Capital Expenditure ---------
Free Cash Flow -----5.313.52-2.331.54-1.02
WACC
PV LFCF -4.883.10-1.961.25-0.79
SUM PV LFCF -3.43

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 4.37
Free cash flow (t + 1) -1.04
Terminal Value -43.99
Present Value of Terminal Value -35.52

Intrinsic Value

Enterprise Value -38.96
Net Debt 51.35
Equity Value -90.30
Shares Outstanding 12.69
Equity Value Per Share -7.12