Discounted Cash Flow (DCF) Analysis Levered

Ivy Funds - Delaware Ivy High Incom... (IVH)

$11.18

-0.41 (-3.54%)
Financial Summary
Financial Statements
Quarter Financials
Chart
Financial Ratios
Profile
Historical Data
DCFDCF Levered
All numbers are in Millions, Currency in USD
Stock DCF: -176,823.93 | 11.18 | 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 29.9328.74-3.1938.90-46.39145.19-454.341,421.83-4,449.4913,924.29
Revenue (%)
Operating Cash Flow 27.8531.5545.1215.4913.77-348.241,089.79-3,410.4210,672.60-33,398.96
Operating Cash Flow (%)
Capital Expenditure ----------
Capital Expenditure (%)
Free Cash Flow ------348.241,089.79-3,410.4210,672.60-33,398.96

Weighted Average Cost Of Capital

Share price $ 11.18
Beta 0.000
Diluted Shares Outstanding 16.57
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt 1.55%
Risk-Free Rate
Market Risk Premium
Cost of Equity 3.691
Total Debt 87
Total Equity 185.25
Total Capital 272.25
Debt Weighting 31.96
Equity Weighting 68.04
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 29.9328.74-3.1938.90-46.39145.19-454.341,421.83-4,449.4913,924.29
Operating Cash Flow 27.8531.5545.1215.4913.77-348.241,089.79-3,410.4210,672.60-33,398.96
Capital Expenditure ----------
Free Cash Flow ------348.241,089.79-3,410.4210,672.60-33,398.96
WACC
PV LFCF -338.071,027.04-3,120.119,478.78-28,796.26
SUM PV LFCF -21,748.61

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 3.01
Free cash flow (t + 1) -34,066.94
Terminal Value -3,372,964.68
Present Value of Terminal Value -2,908,136.97

Intrinsic Value

Enterprise Value -2,929,885.58
Net Debt 87
Equity Value -2,929,972.58
Shares Outstanding 16.57
Equity Value Per Share -176,823.93