Discounted Cash Flow (DCF) Analysis Levered

Nuveen Short Duration Credit Opport... (JSD)

$11.6

+0.10 (+0.87%)
All numbers are in Millions, Currency in USD
Stock DCF: 113.65 | 11.6 | undervalue

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 11.912.36-1826.30-4.079.21-20.8047-106.20239.96
Revenue (%)
Operating Cash Flow 13.1511.7942.35-3.0312.141.20-2.706.11-13.8031.18
Operating Cash Flow (%)
Capital Expenditure ----------
Capital Expenditure (%)
Free Cash Flow -----1.20-2.706.11-13.8031.18

Weighted Average Cost Of Capital

Share price $ 11.6
Beta 0.000
Diluted Shares Outstanding 10.10
Cost of Debt
Tax Rate -66.23
After-tax Cost of Debt 4.25%
Risk-Free Rate
Market Risk Premium
Cost of Equity 4.251
Total Debt 18.35
Total Equity 117.16
Total Capital 135.51
Debt Weighting 13.54
Equity Weighting 86.46
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 11.912.36-1826.30-4.079.21-20.8047-106.20239.96
Operating Cash Flow 13.1511.7942.35-3.0312.141.20-2.706.11-13.8031.18
Capital Expenditure ----------
Free Cash Flow -----1.20-2.706.11-13.8031.18
WACC
PV LFCF 0.93-2.024.38-9.4920.57
SUM PV LFCF 17.69

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 4.25
Free cash flow (t + 1) 31.81
Terminal Value 1,413.71
Present Value of Terminal Value 1,148.10

Intrinsic Value

Enterprise Value 1,165.80
Net Debt 18
Equity Value 1,147.80
Shares Outstanding 10.10
Equity Value Per Share 113.65