Discounted Cash Flow (DCF) Analysis Levered
Nuveen Corporate Income 2023 Target... (JHAA)
$9.24
-0.01 (-0.11%)
All numbers are in Millions, Currency in USD
Free Cash Flow
Year A/P | 2019 Actual | 2020 Actual | 2021 Projected | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected |
| Revenue | 8.62 | 1.86 | 0.40 | 0.09 | 0.02 | 0 | 0 |
|---|---|---|---|---|---|---|---|
| Revenue (%) | |||||||
| Operating Cash Flow | -100.11 | 7.31 | -1.53 | -0.33 | -0.07 | -0.02 | -0 |
| Operating Cash Flow (%) | |||||||
| Capital Expenditure | - | - | - | - | - | - | - |
| Capital Expenditure (%) | |||||||
| Free Cash Flow | - | - | -1.53 | -0.33 | -0.07 | -0.02 | -0 |
Weighted Average Cost Of Capital
| Share price | $ 9.24 |
|---|---|
| Beta | 0.000 |
| Diluted Shares Outstanding | 7.85 |
| Cost of Debt | |
| Tax Rate | 0.00 |
| After-tax Cost of Debt | 1.40% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 2.888 |
| Total Debt | 25.08 |
| Total Equity | 72.49 |
| Total Capital | 97.57 |
| Debt Weighting | 25.70 |
| Equity Weighting | 74.30 |
| Wacc |
Build Up Free Cash Flow
Year A/P | 2019 Actual | 2020 Actual | 2021 Projected | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected |
| Revenue | 8.62 | 1.86 | 0.40 | 0.09 | 0.02 | 0 | 0 |
|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -100.11 | 7.31 | -1.53 | -0.33 | -0.07 | -0.02 | -0 |
| Capital Expenditure | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | -1.53 | -0.33 | -0.07 | -0.02 | -0 |
| WACC | |||||||
| PV LFCF | -1.61 | -0.34 | -0.07 | -0.01 | -0 | ||
| SUM PV LFCF | -1.89 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 2.51 |
| Free cash flow (t + 1) | -0 |
| Terminal Value | -0.66 |
| Present Value of Terminal Value | -0.58 |
Intrinsic Value
| Enterprise Value | -2.48 |
|---|---|
| Net Debt | 24.96 |
| Equity Value | -27.43 |
| Shares Outstanding | 7.85 |
| Equity Value Per Share | -3.50 |