Discounted Cash Flow (DCF) Analysis Levered

PGIM Global High Yield Fund, Inc (GHY)

$11.55

+0.01 (+0.00%)
All numbers are in Millions, Currency in USD
Stock DCF: 176,595.21 | 11.55 | undervalue

Free Cash Flow

Year
A/P
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Actual
2024
Projected
2025
Projected
2026
Projected
2027
Projected
2028
Projected
Revenue 645.16101.70-96.5635.65164.62760.303,511.3616,216.8874,896.10
Revenue (%)
Operating Cash Flow 8.28119.6719.96194.98-3.43704.763,254.8515,032.2169,424.83320,632
Operating Cash Flow (%)
Capital Expenditure ----------
Capital Expenditure (%)
Free Cash Flow -----704.763,254.8515,032.2169,424.83320,632

Weighted Average Cost Of Capital

Share price $ 11.55
Beta 0.000
Diluted Shares Outstanding 40.92
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt 4.29%
Risk-Free Rate
Market Risk Premium
Cost of Equity 4.285
Total Debt 145
Total Equity 472.67
Total Capital 617.67
Debt Weighting 23.48
Equity Weighting 76.52
Wacc

Build Up Free Cash Flow

Year
A/P
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Actual
2024
Projected
2025
Projected
2026
Projected
2027
Projected
2028
Projected
Revenue 645.16101.70-96.5635.65164.62760.303,511.3616,216.8874,896.10
Operating Cash Flow 8.28119.6719.96194.98-3.43704.763,254.8515,032.2169,424.83320,632
Capital Expenditure ----------
Free Cash Flow -----704.763,254.8515,032.2169,424.83320,632
WACC
PV LFCF 571.252,529.7311,202.7449,610.49219,696.36
SUM PV LFCF 335,500.43

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 4.29
Free cash flow (t + 1) 322,235.16
Terminal Value 8,502,246.91
Present Value of Terminal Value 6,891,604.98

Intrinsic Value

Enterprise Value 7,227,105.40
Net Debt 144.43
Equity Value 7,226,960.97
Shares Outstanding 40.92
Equity Value Per Share 176,595.21