Discounted Cash Flow (DCF) Analysis Levered

KKR Income Opportunities Fund (KIO)

$11.19

0.00 (0.00%)
All numbers are in Millions, Currency in USD
Stock DCF: 26,063.53 | 11.19 | undervalue

Free Cash Flow

Year
A/P
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
Revenue 36.8030.81-1.9517.94-50.34141.26-396.361,112.17-3,120.68
Revenue (%)
Operating Cash Flow 5.16-84.9652.765.36369.39-1,036.482,908.32-8,160.5922,898.19
Operating Cash Flow (%)
Capital Expenditure ---------
Capital Expenditure (%)
Free Cash Flow ----369.39-1,036.482,908.32-8,160.5922,898.19

Weighted Average Cost Of Capital

Share price $ 11.19
Beta 0.613
Diluted Shares Outstanding 20.48
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt 3.02%
Risk-Free Rate
Market Risk Premium
Cost of Equity 6.859
Total Debt 134.73
Total Equity 229.15
Total Capital 363.88
Debt Weighting 37.03
Equity Weighting 62.97
Wacc

Build Up Free Cash Flow

Year
A/P
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
Revenue 36.8030.81-1.9517.94-50.34141.26-396.361,112.17-3,120.68
Operating Cash Flow 5.16-84.9652.765.36369.39-1,036.482,908.32-8,160.5922,898.19
Capital Expenditure ---------
Free Cash Flow ----369.39-1,036.482,908.32-8,160.5922,898.19
WACC
PV LFCF 369.39-983.012,615.96-6,961.5418,525.91
SUM PV LFCF 12,866.76

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 5.44
Free cash flow (t + 1) 23,356.15
Terminal Value 678,957.87
Present Value of Terminal Value 520,973.75

Intrinsic Value

Enterprise Value 533,840.51
Net Debt 112.51
Equity Value 533,727.99
Shares Outstanding 20.48
Equity Value Per Share 26,063.53