Discounted Cash Flow (DCF) Analysis Levered

Barings Participation Investors (MPV)

$11.47

+0.14 (+1.28%)
All numbers are in Millions, Currency in USD
Stock DCF: 3,641.33 | 11.47 | undervalue

Free Cash Flow

Year
A/P
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 19.964.6118.597.0426.4555.56116.71245.165151,081.82
Revenue (%)
Operating Cash Flow 11.8221.027.158.511.5175.62158.86333.717011,472.55
Operating Cash Flow (%)
Capital Expenditure ----------
Capital Expenditure (%)
Free Cash Flow -----75.62158.86333.717011,472.55

Weighted Average Cost Of Capital

Share price $ 11.47
Beta 0.416
Diluted Shares Outstanding 10.54
Cost of Debt
Tax Rate 0.96
After-tax Cost of Debt 2.94%
Risk-Free Rate
Market Risk Premium
Cost of Equity 5.614
Total Debt 21
Total Equity 120.88
Total Capital 141.88
Debt Weighting 14.80
Equity Weighting 85.20
Wacc

Build Up Free Cash Flow

Year
A/P
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 19.964.6118.597.0426.4555.56116.71245.165151,081.82
Operating Cash Flow 11.8221.027.158.511.5175.62158.86333.717011,472.55
Capital Expenditure ----------
Free Cash Flow -----75.62158.86333.717011,472.55
WACC
PV LFCF 71.87143.49286.47571.911,141.77
SUM PV LFCF 2,215.50

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 5.22
Free cash flow (t + 1) 1,502
Terminal Value 46,645.87
Present Value of Terminal Value 36,167.77

Intrinsic Value

Enterprise Value 38,383.27
Net Debt 9.39
Equity Value 38,373.88
Shares Outstanding 10.54
Equity Value Per Share 3,641.33