Discounted Cash Flow (DCF) Analysis Levered

The New America High Income Fund In... (HYB)

$6.63

+0.03 (+0.45%)
Financial Summary
Financial Statements
Quarter Financials
Chart
Financial Ratios
Profile
Historical Data
DCFDCF Levered
All numbers are in Millions, Currency in USD
Stock DCF: Infinity | 6.63 | undervalue

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 -12.5143.1711.5917.05-35.8834.22-32.6431.13-29.6928.32
Revenue (%)
Operating Cash Flow 14.7916.7924.0712.6018.9810.22-9.759.30-8.878.46
Operating Cash Flow (%)
Capital Expenditure ----------
Capital Expenditure (%)
Free Cash Flow -----10.22-9.759.30-8.878.46

Weighted Average Cost Of Capital

Share price $ 6.63
Beta 0.799
Diluted Shares Outstanding -
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt 2.65%
Risk-Free Rate
Market Risk Premium
Cost of Equity 8.208
Total Debt 84
Total Equity -
Total Capital 84
Debt Weighting 100.00
Equity Weighting 0.00
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 -12.5143.1711.5917.05-35.8834.22-32.6431.13-29.6928.32
Operating Cash Flow 14.7916.7924.0712.6018.9810.22-9.759.30-8.878.46
Capital Expenditure ----------
Free Cash Flow -----10.22-9.759.30-8.878.46
WACC
PV LFCF 9.96-9.258.60-7.997.42
SUM PV LFCF 8.74

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 2.65
Free cash flow (t + 1) 8.63
Terminal Value 1,327.66
Present Value of Terminal Value 1,164.91

Intrinsic Value

Enterprise Value 1,173.64
Net Debt 79.55
Equity Value 1,094.09
Shares Outstanding -
Equity Value Per Share Infinity