Discounted Cash Flow (DCF) Analysis Levered

Guggenheim Taxable Municipal Bond &... (GBAB)

$16.26

+0.02 (+0.12%)
All numbers are in Millions, Currency in USD
Stock DCF: -3.72 | 16.26 | 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 27.4915.3042.49-64.68-17.21-8.94-4.64-2.41-1.25-0.65
Revenue (%)
Operating Cash Flow 20.074.97-119.8533.8354.599.765.072.631.370.71
Operating Cash Flow (%)
Capital Expenditure ----------
Capital Expenditure (%)
Free Cash Flow -----9.765.072.631.370.71

Weighted Average Cost Of Capital

Share price $ 16.26
Beta 0.000
Diluted Shares Outstanding 22.34
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt 4.37%
Risk-Free Rate
Market Risk Premium
Cost of Equity 4.251
Total Debt 127.15
Total Equity 363.25
Total Capital 490.40
Debt Weighting 25.93
Equity Weighting 74.07
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 27.4915.3042.49-64.68-17.21-8.94-4.64-2.41-1.25-0.65
Operating Cash Flow 20.074.97-119.8533.8354.599.765.072.631.370.71
Capital Expenditure ----------
Free Cash Flow -----9.765.072.631.370.71
WACC
PV LFCF 9.364.662.321.160.58
SUM PV LFCF 18.07

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 4.28
Free cash flow (t + 1) 0.72
Terminal Value 31.76
Present Value of Terminal Value 25.76

Intrinsic Value

Enterprise Value 43.83
Net Debt 126.94
Equity Value -83.11
Shares Outstanding 22.34
Equity Value Per Share -3.72