Discounted Cash Flow (DCF) Analysis Levered
Goldman Sachs BDC, Inc. (GSBD)
$13.7
-0.03 (-0.22%)
All numbers are in Millions, Currency in USD
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 | 62.10 | 43.29 | 146.59 | 170.09 | 357.45 | 656.39 | 1,205.34 | 2,213.38 | 4,064.46 | 7,463.61 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | -49.24 | -35.27 | 165.78 | -29.86 | 27.44 | -75.55 | -138.74 | -254.76 | -467.82 | -859.07 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | - | - | - | - | - | -75.55 | -138.74 | -254.76 | -467.82 | -859.07 |
Weighted Average Cost Of Capital
Share price | $ 13.7 |
---|---|
Beta | 1.261 |
Diluted Shares Outstanding | 101.69 |
Cost of Debt | |
Tax Rate | 1.91 |
After-tax Cost of Debt | 4.90% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 9.333 |
Total Debt | - |
Total Equity | 1,393.17 |
Total Capital | 1,393.17 |
Debt Weighting | 0.00 |
Equity Weighting | 100.00 |
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 | 62.10 | 43.29 | 146.59 | 170.09 | 357.45 | 656.39 | 1,205.34 | 2,213.38 | 4,064.46 | 7,463.61 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | -49.24 | -35.27 | 165.78 | -29.86 | 27.44 | -75.55 | -138.74 | -254.76 | -467.82 | -859.07 |
Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
Free Cash Flow | - | - | - | - | - | -75.55 | -138.74 | -254.76 | -467.82 | -859.07 |
WACC | ||||||||||
PV LFCF | -63.21 | -106.16 | -178.31 | -299.49 | -503.03 | |||||
SUM PV LFCF | -1,257.52 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 9.33 |
Free cash flow (t + 1) | -876.25 |
Terminal Value | -11,954.33 |
Present Value of Terminal Value | -7,652.95 |
Intrinsic Value
Enterprise Value | -8,910.46 |
---|---|
Net Debt | -177.58 |
Equity Value | -8,732.89 |
Shares Outstanding | 101.69 |
Equity Value Per Share | -85.88 |