Discounted Cash Flow (DCF) Analysis Levered
Nuveen Preferred and Income Fund (JPT)
$15.7
+0.11 (+0.71%)
All numbers are in Millions, Currency in USD
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 | -1.26 | 12.21 | 0.30 | 24.93 | -13.15 | -241.02 | -4,417.16 | -80,954 | -1,483,656.86 | -27,191,217.25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 10.17 | 9.01 | 15.53 | -0.15 | 65.55 | -1,913.48 | -35,068.72 | -642,710.13 | -11,779,051.52 | -215,876,565.86 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | - | - | - | - | - | -1,913.48 | -35,068.72 | -642,710.13 | -11,779,051.52 | -215,876,565.86 |
Weighted Average Cost Of Capital
| Share price | $ 15.7 |
|---|---|
| Beta | 0.000 |
| Diluted Shares Outstanding | 5.51 |
| Cost of Debt | |
| Tax Rate | -96.02 |
| After-tax Cost of Debt | 1.19% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 4.573 |
| Total Debt | 47 |
| Total Equity | 86.50 |
| Total Capital | 133.50 |
| Debt Weighting | 35.21 |
| Equity Weighting | 64.79 |
| 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 | -1.26 | 12.21 | 0.30 | 24.93 | -13.15 | -241.02 | -4,417.16 | -80,954 | -1,483,656.86 | -27,191,217.25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 10.17 | 9.01 | 15.53 | -0.15 | 65.55 | -1,913.48 | -35,068.72 | -642,710.13 | -11,779,051.52 | -215,876,565.86 |
| Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | -1,913.48 | -35,068.72 | -642,710.13 | -11,779,051.52 | -215,876,565.86 |
| WACC | ||||||||||
| PV LFCF | -1,850.92 | -32,813.07 | -581,708.70 | -10,312,505.90 | -182,819,645.12 | |||||
| SUM PV LFCF | -193,748,523.71 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 3.38 |
| Free cash flow (t + 1) | -220,194,097.17 |
| Terminal Value | -15,956,093,998.08 |
| Present Value of Terminal Value | -13,512,756,378.37 |
Intrinsic Value
| Enterprise Value | -13,706,504,902.08 |
|---|---|
| Net Debt | 47 |
| Equity Value | -13,706,504,949.08 |
| Shares Outstanding | 5.51 |
| Equity Value Per Share | -2,487,796,515.16 |