Discounted Cash Flow (DCF) Analysis Levered

Pioneer Municipal High Income Fund,... (MHI)

$8.96

-0.04 (-0.44%)
All numbers are in Millions, Currency in USD

Free Cash Flow

Year
A/P
2020
Actual
2021
Actual
2022
Actual
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
Revenue 5.8133.20-39.44-89.30-202.17-457.71-1,036.24-2,346.01
Revenue (%)
Operating Cash Flow 20.39-11.268.51-87.98-199.18-450.94-1,020.92-2,311.32
Operating Cash Flow (%)
Capital Expenditure --------
Capital Expenditure (%)
Free Cash Flow ----87.98-199.18-450.94-1,020.92-2,311.32

Weighted Average Cost Of Capital

Share price $ 8.96
Beta 0.369
Diluted Shares Outstanding 22.78
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt -%
Risk-Free Rate
Market Risk Premium
Cost of Equity 5.247
Total Debt -
Total Equity 204.08
Total Capital -
Debt Weighting -
Equity Weighting -
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 5.8133.20-39.44-89.30-202.17-457.71-1,036.24-2,346.01
Operating Cash Flow 20.39-11.268.51-87.98-199.18-450.94-1,020.92-2,311.32
Capital Expenditure --------
Free Cash Flow ----87.98-199.18-450.94-1,020.92-2,311.32
WACC
PV LFCF --199.18---
SUM PV LFCF -

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) -
Free cash flow (t + 1) -2,357.55
Terminal Value -
Present Value of Terminal Value -

Intrinsic Value

Enterprise Value -
Net Debt -0.11
Equity Value -
Shares Outstanding 22.78
Equity Value Per Share -