Discounted Cash Flow (DCF) Analysis Levered
First Trust/abrdn Emerging Opportun... (FEO)
$9.58
+0.03 (+0.31%)
All numbers are in Millions, Currency in USD
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 | 16.73 | -10.35 | 14.04 | 9.49 | -3.94 | 1.69 | -0.72 | 0.31 | -0.13 | 0.06 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 7.67 | 9.16 | 6.21 | 8.76 | 6.88 | -0.27 | 0.12 | -0.05 | 0.02 | -0.01 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | - | - | - | - | - | -0.27 | 0.12 | -0.05 | 0.02 | -0.01 |
Weighted Average Cost Of Capital
| Share price | $ 9.58 |
|---|---|
| Beta | 0.000 |
| Diluted Shares Outstanding | 5.05 |
| Cost of Debt | |
| Tax Rate | 0.00 |
| After-tax Cost of Debt | 1.10% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 3.693 |
| Total Debt | 5.80 |
| Total Equity | 48.35 |
| Total Capital | 54.15 |
| Debt Weighting | 10.71 |
| Equity Weighting | 89.29 |
| 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 | 16.73 | -10.35 | 14.04 | 9.49 | -3.94 | 1.69 | -0.72 | 0.31 | -0.13 | 0.06 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 7.67 | 9.16 | 6.21 | 8.76 | 6.88 | -0.27 | 0.12 | -0.05 | 0.02 | -0.01 |
| Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | -0.27 | 0.12 | -0.05 | 0.02 | -0.01 |
| WACC | ||||||||||
| PV LFCF | -0.26 | 0.11 | -0.05 | 0.02 | -0.01 | |||||
| SUM PV LFCF | -0.19 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 3.42 |
| Free cash flow (t + 1) | -0.01 |
| Terminal Value | -0.66 |
| Present Value of Terminal Value | -0.56 |
Intrinsic Value
| Enterprise Value | -0.75 |
|---|---|
| Net Debt | 4.99 |
| Equity Value | -5.74 |
| Shares Outstanding | 5.05 |
| Equity Value Per Share | -1.14 |