Discounted Cash Flow (DCF) Analysis Levered

abrdn Asia-Pacific Income Fund VCC (FAP.TO)

$2.53

+0.02 (+0.80%)
Financial Summary
Financial Statements
Quarter Financials
Chart
Financial Ratios
Profile
Historical Data
DCFDCF Levered
All numbers are in Millions, Currency in USD
Stock DCF: 21.72 | 2.53 | undervalue

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 -25.2835.12-9.45-4.35-22.95-23.37-23.80-24.23-24.67-25.12
Revenue (%)
Operating Cash Flow 47.418.6838.158.2343.3544.1444.9545.7746.6147.46
Operating Cash Flow (%)
Capital Expenditure ----------
Capital Expenditure (%)
Free Cash Flow -----44.1444.9545.7746.6147.46

Weighted Average Cost Of Capital

Share price $ 2.53
Beta 0.508
Diluted Shares Outstanding 50.74
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt 2.75%
Risk-Free Rate
Market Risk Premium
Cost of Equity 7.134
Total Debt 56.74
Total Equity 128.38
Total Capital 185.13
Debt Weighting 30.65
Equity Weighting 69.35
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 -25.2835.12-9.45-4.35-22.95-23.37-23.80-24.23-24.67-25.12
Operating Cash Flow 47.418.6838.158.2343.3544.1444.9545.7746.6147.46
Capital Expenditure ----------
Free Cash Flow -----44.1444.9545.7746.6147.46
WACC
PV LFCF 41.7340.1638.6637.2135.82
SUM PV LFCF 193.58

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 5.79
Free cash flow (t + 1) 48.41
Terminal Value 1,277.22
Present Value of Terminal Value 963.93

Intrinsic Value

Enterprise Value 1,157.50
Net Debt 55.39
Equity Value 1,102.11
Shares Outstanding 50.74
Equity Value Per Share 21.72