Discounted Cash Flow (DCF) Analysis Levered

Monroe Capital Corporation (MRCC)

$7.24

-0.05 (-0.69%)
All numbers are in Millions, Currency in USD
Stock DCF: 573.01 | 7.24 | 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 16.6010.8423.586.5140.1693.08215.73500.011,158.892,686.03
Revenue (%)
Operating Cash Flow -69.57-55.12-39.2574.9320.0119.8746.06106.75247.42573.45
Operating Cash Flow (%)
Capital Expenditure ----------
Capital Expenditure (%)
Free Cash Flow -----19.8746.06106.75247.42573.45

Weighted Average Cost Of Capital

Share price $ 7.24
Beta 1.207
Diluted Shares Outstanding 20.92
Cost of Debt
Tax Rate 0.86
After-tax Cost of Debt 4.14%
Risk-Free Rate
Market Risk Premium
Cost of Equity 9.499
Total Debt 332.15
Total Equity 151.49
Total Capital 483.64
Debt Weighting 68.68
Equity Weighting 31.32
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 16.6010.8423.586.5140.1693.08215.73500.011,158.892,686.03
Operating Cash Flow -69.57-55.12-39.2574.9320.0119.8746.06106.75247.42573.45
Capital Expenditure ----------
Free Cash Flow -----19.8746.06106.75247.42573.45
WACC
PV LFCF 18.7841.1390.09197.31432.17
SUM PV LFCF 779.48

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 5.82
Free cash flow (t + 1) 584.92
Terminal Value 15,312.04
Present Value of Terminal Value 11,539.69

Intrinsic Value

Enterprise Value 12,319.17
Net Debt 329.53
Equity Value 11,989.64
Shares Outstanding 20.92
Equity Value Per Share 573.01