Discounted Cash Flow (DCF) Analysis Levered
MFS Municipal Income Trust (MFM)
$5.06
0.00 (0.00%)
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 | 21.57 | 20.62 | -1.30 | 24.55 | -67.91 | 352.80 | -1,832.90 | 9,522.34 | -49,470.70 | 257,011.55 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 15.12 | 13.80 | 6.77 | 12.82 | 10.85 | -245.80 | 1,276.98 | -6,634.20 | 34,466.16 | -179,059.55 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | - | - | - | - | - | -245.80 | 1,276.98 | -6,634.20 | 34,466.16 | -179,059.55 |
Weighted Average Cost Of Capital
| Share price | $ 5.06 |
|---|---|
| Beta | 0.449 |
| Diluted Shares Outstanding | 41.19 |
| Cost of Debt | |
| Tax Rate | 0.00 |
| After-tax Cost of Debt | -% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 5.814 |
| Total Debt | - |
| Total Equity | 208.41 |
| Total Capital | - |
| Debt Weighting | - |
| Equity Weighting | - |
| 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 | 21.57 | 20.62 | -1.30 | 24.55 | -67.91 | 352.80 | -1,832.90 | 9,522.34 | -49,470.70 | 257,011.55 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 15.12 | 13.80 | 6.77 | 12.82 | 10.85 | -245.80 | 1,276.98 | -6,634.20 | 34,466.16 | -179,059.55 |
| Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | -245.80 | 1,276.98 | -6,634.20 | 34,466.16 | -179,059.55 |
| WACC | ||||||||||
| PV LFCF | - | - | - | - | - | |||||
| SUM PV LFCF | - |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | - |
| Free cash flow (t + 1) | -182,640.74 |
| Terminal Value | - |
| Present Value of Terminal Value | - |
Intrinsic Value
| Enterprise Value | - |
|---|---|
| Net Debt | -0 |
| Equity Value | - |
| Shares Outstanding | 41.19 |
| Equity Value Per Share | - |