Discounted Cash Flow (DCF) Analysis Levered

First Trust MLP and Energy Income F... (FEI)

$7.79

+0.10 (+1.30%)
Financial Summary
Financial Statements
Quarter Financials
Chart
Financial Ratios
Profile
Historical Data
DCFDCF Levered
All numbers are in Millions, Currency in USD
Stock DCF: 196.17 | 7.79 | 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 -43.8532.93-201.4099.1452.11-89.02152.09-259.84443.94-758.46
Revenue (%)
Operating Cash Flow 90.0456.92170.70-5.6117.4315.92-27.2046.48-79.41135.66
Operating Cash Flow (%)
Capital Expenditure ----------
Capital Expenditure (%)
Free Cash Flow -----15.92-27.2046.48-79.41135.66

Weighted Average Cost Of Capital

Share price $ 7.79
Beta 0.000
Diluted Shares Outstanding 45.62
Cost of Debt
Tax Rate -29.47
After-tax Cost of Debt 1.95%
Risk-Free Rate
Market Risk Premium
Cost of Equity 3.714
Total Debt 107
Total Equity 355.39
Total Capital 462.39
Debt Weighting 23.14
Equity Weighting 76.86
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 -43.8532.93-201.4099.1452.11-89.02152.09-259.84443.94-758.46
Operating Cash Flow 90.0456.92170.70-5.6117.4315.92-27.2046.48-79.41135.66
Capital Expenditure ----------
Free Cash Flow -----15.92-27.2046.48-79.41135.66
WACC
PV LFCF 13.10-21.6635.82-59.2397.96
SUM PV LFCF 77.65

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 3.31
Free cash flow (t + 1) 138.38
Terminal Value 10,563.11
Present Value of Terminal Value 8,975.94

Intrinsic Value

Enterprise Value 9,053.59
Net Debt 104.36
Equity Value 8,949.23
Shares Outstanding 45.62
Equity Value Per Share 196.17