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
Stock DCF: -3.50 | 9.24 | overvalue

Free Cash Flow

Year
A/P
2019
Actual
2020
Actual
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
Revenue 8.621.860.400.090.0200
Revenue (%)
Operating Cash Flow -100.117.31-1.53-0.33-0.07-0.02-0
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 8.621.860.400.090.0200
Operating Cash Flow -100.117.31-1.53-0.33-0.07-0.02-0
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