Discounted Cash Flow (DCF) Analysis Levered
Mesa Royalty Trust (MTR)
$13.23
-1.36 (-9.32%)
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 | 2.33 | 1.81 | 0.83 | 0.91 | 4.12 | 7.07 | 12.13 | 20.80 | 35.69 | 61.24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 2.14 | 1.64 | 0.57 | 0.76 | 3.43 | 5.89 | 10.11 | 17.34 | 29.75 | 51.05 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | - | - | - | 0.76 | - | 5.89 | 10.11 | 17.34 | 29.75 | 51.05 |
Weighted Average Cost Of Capital
| Share price | $ 13.23 |
|---|---|
| Beta | 0.743 |
| Diluted Shares Outstanding | 1.86 |
| Cost of Debt | |
| Tax Rate | 0.00 |
| After-tax Cost of Debt | -% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 8.244 |
| Total Debt | - |
| Total Equity | 24.66 |
| 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 | 2.33 | 1.81 | 0.83 | 0.91 | 4.12 | 7.07 | 12.13 | 20.80 | 35.69 | 61.24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 2.14 | 1.64 | 0.57 | 0.76 | 3.43 | 5.89 | 10.11 | 17.34 | 29.75 | 51.05 |
| Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | 0.76 | - | 5.89 | 10.11 | 17.34 | 29.75 | 51.05 |
| WACC | ||||||||||
| PV LFCF | - | - | - | - | - | |||||
| SUM PV LFCF | - |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | - |
| Free cash flow (t + 1) | 52.07 |
| Terminal Value | - |
| Present Value of Terminal Value | - |
Intrinsic Value
| Enterprise Value | - |
|---|---|
| Net Debt | -0 |
| Equity Value | - |
| Shares Outstanding | 1.86 |
| Equity Value Per Share | - |