Discounted Cash Flow (DCF) Analysis Levered

Pioneer Municipal High Income Advan... (MAV)

$8.96

-0.15 (-1.65%)
All numbers are in Millions, Currency in USD
Stock DCF: 0.01 | 8.96 | overvalue

Free Cash Flow

Year
A/P
2020
Actual
2021
Actual
2022
Actual
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
Revenue 19.2423.40-20.33-3.53-0.61-0.11-0.02-0
Revenue (%)
Operating Cash Flow 24.67-19.7611.340.140.02000
Operating Cash Flow (%)
Capital Expenditure --------
Capital Expenditure (%)
Free Cash Flow ---0.140.02000

Weighted Average Cost Of Capital

Share price $ 8.96
Beta 0.316
Diluted Shares Outstanding 23.88
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt 5.00%
Risk-Free Rate
Market Risk Premium
Cost of Equity 4.467
Total Debt -
Total Equity 213.96
Total Capital 213.96
Debt Weighting 0.00
Equity Weighting 100.00
Wacc

Build Up Free Cash Flow

Year
A/P
2020
Actual
2021
Actual
2022
Actual
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
Revenue 19.2423.40-20.33-3.53-0.61-0.11-0.02-0
Operating Cash Flow 24.67-19.7611.340.140.02000
Capital Expenditure --------
Free Cash Flow ---0.140.02000
WACC
PV LFCF 0.150.02000
SUM PV LFCF 0.16

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 4.47
Free cash flow (t + 1) 0
Terminal Value 0.01
Present Value of Terminal Value 0

Intrinsic Value

Enterprise Value 0.17
Net Debt -
Equity Value 0.17
Shares Outstanding 23.88
Equity Value Per Share 0.01