Discounted Cash Flow (DCF) Analysis Levered
BlackRock MuniHoldings Quality Fund... (MUE)
$9.69
+0.06 (+0.62%)
All numbers are in Millions, Currency in USD
Free Cash Flow
Year A/P | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Actual | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected | 2028 Projected |
Revenue | 21.92 | 18.06 | 21.19 | -39.58 | -5.83 | -0.40 | -0.03 | -0 | -0 | -0 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 4.30 | 9.23 | 14.60 | 26.57 | 52.62 | 0.67 | 0.05 | 0 | 0 | 0 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | - | - | - | - | - | 0.67 | 0.05 | 0 | 0 | 0 |
Weighted Average Cost Of Capital
Share price | $ 9.69 |
---|---|
Beta | 0.480 |
Diluted Shares Outstanding | 22.27 |
Cost of Debt | |
Tax Rate | 0.00 |
After-tax Cost of Debt | 10,140.61% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 6.494 |
Total Debt | 0.06 |
Total Equity | 215.75 |
Total Capital | 215.81 |
Debt Weighting | 0.03 |
Equity Weighting | 99.97 |
Wacc |
Build Up Free Cash Flow
Year A/P | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Actual | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected | 2028 Projected |
Revenue | 21.92 | 18.06 | 21.19 | -39.58 | -5.83 | -0.40 | -0.03 | -0 | -0 | -0 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 4.30 | 9.23 | 14.60 | 26.57 | 52.62 | 0.67 | 0.05 | 0 | 0 | 0 |
Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
Free Cash Flow | - | - | - | - | - | 0.67 | 0.05 | 0 | 0 | 0 |
WACC | ||||||||||
PV LFCF | 0.61 | 0.04 | 0 | 0 | 0 | |||||
SUM PV LFCF | 0.65 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 9.26 |
Free cash flow (t + 1) | 0 |
Terminal Value | 0 |
Present Value of Terminal Value | 0 |
Intrinsic Value
Enterprise Value | 0.65 |
---|---|
Net Debt | 0.06 |
Equity Value | 0.59 |
Shares Outstanding | 22.27 |
Equity Value Per Share | 0.03 |