Discounted Cash Flow (DCF) Analysis Levered

Nuveen Emerging Markets Debt 2022 T... (JEMD)

$6.63

-0.00 (-0.05%)
All numbers are in Millions, Currency in USD
Stock DCF: 0.54 | 6.63 | overvalue

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 -11.7811.97-7.414.17-3.052.24-1.641.20-0.88
Revenue (%)
Operating Cash Flow 6.336.5221.773.751.55-1.140.83-0.610.45
Operating Cash Flow (%)
Capital Expenditure ---------
Capital Expenditure (%)
Free Cash Flow ----1.55-1.140.83-0.610.45

Weighted Average Cost Of Capital

Share price $ 6.63
Beta 0.000
Diluted Shares Outstanding 14.26
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt 0.84%
Risk-Free Rate
Market Risk Premium
Cost of Equity 3.739
Total Debt 33
Total Equity 94.57
Total Capital 127.58
Debt Weighting 25.87
Equity Weighting 74.13
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 -11.7811.97-7.414.17-3.052.24-1.641.20-0.88
Operating Cash Flow 6.336.5221.773.751.55-1.140.83-0.610.45
Capital Expenditure ---------
Free Cash Flow ----1.55-1.140.83-0.610.45
WACC
PV LFCF 1.55-1.100.78-0.560.40
SUM PV LFCF 1.04

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 2.99
Free cash flow (t + 1) 0.46
Terminal Value 45.97
Present Value of Terminal Value 39.67

Intrinsic Value

Enterprise Value 40.71
Net Debt 32.99
Equity Value 7.72
Shares Outstanding 14.26
Equity Value Per Share 0.54