Discounted Cash Flow (DCF) Analysis Levered

BSR Real Estate Investment Trust (HOM-UN.TO)

$18.72

-0.34 (-1.78%)
Financial Summary
Financial Statements
Quarter Financials
Chart
Financial Ratios
Profile
Historical Data
DCFDCF Levered
All numbers are in Millions, Currency in USD
Stock DCF: 235.28 | 18.72 | undervalue

Free Cash Flow

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 64.07111.66113.29119.58151.98193.16245.50312.02396.57
Revenue (%)
Operating Cash Flow 30.8356.8651.3058.4073.4093.28118.56150.68191.51
Operating Cash Flow (%)
Capital Expenditure ---------
Capital Expenditure (%)
Free Cash Flow ----73.4093.28118.56150.68191.51

Weighted Average Cost Of Capital

Share price $ 18.72
Beta 1.114
Diluted Shares Outstanding 23.86
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt 2.52%
Risk-Free Rate
Market Risk Premium
Cost of Equity 8.738
Total Debt 878.26
Total Equity 446.72
Total Capital 1,324.98
Debt Weighting 66.28
Equity Weighting 33.72
Wacc

Build Up Free Cash Flow

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 64.07111.66113.29119.58151.98193.16245.50312.02396.57
Operating Cash Flow 30.8356.8651.3058.4073.4093.28118.56150.68191.51
Capital Expenditure ---------
Free Cash Flow ----73.4093.28118.56150.68191.51
WACC
PV LFCF 67.0681.4698.96120.22146.05
SUM PV LFCF 537.49

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 4.62
Free cash flow (t + 1) 195.34
Terminal Value 7,455.75
Present Value of Terminal Value 5,948.64

Intrinsic Value

Enterprise Value 6,486.13
Net Debt 871.42
Equity Value 5,614.71
Shares Outstanding 23.86
Equity Value Per Share 235.28