Discounted Cash Flow (DCF) Analysis Levered

Mesa Royalty Trust (MTR)

$17.1

+2.10 (+14.00%)
All numbers are in Millions, Currency in USD

Free Cash Flow

Year
A/P
2017
Actual
2018
Actual
2019
Actual
2020
Projected
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 3.032.331.811.401.080.830.640.500.380.30
Revenue (%)
Operating Cash Flow 2.942.141.641.3010.780.600.460.360.28
Operating Cash Flow (%)
Capital Expenditure ----------
Capital Expenditure (%)
Free Cash Flow ----10.780.600.460.360.28

Weighted Average Cost Of Capital

Share price $ 17.1
Beta 0.751
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 7.373
Total Debt -
Total Equity 31.87
Total Capital -
Debt Weighting -
Equity Weighting -
Wacc

Build Up Free Cash Flow

Year
A/P
2017
Actual
2018
Actual
2019
Actual
2020
Projected
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 3.032.331.811.401.080.830.640.500.380.30
Operating Cash Flow 2.942.141.641.3010.780.600.460.360.28
Capital Expenditure ----------
Free Cash Flow ----10.780.600.460.360.28
WACC
PV LFCF -1-----
SUM PV LFCF -

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) -
Free cash flow (t + 1) 0.28
Terminal Value -
Present Value of Terminal Value -

Intrinsic Value

Enterprise Value -
Net Debt -0
Equity Value -
Shares Outstanding 1.86
Equity Value Per Share -