Discounted Cash Flow (DCF) Analysis Levered

BlackRock MuniYield New York Qualit... (MYN)

$11.0653

+0.08 (+0.69%)
All numbers are in Millions, Currency in USD
Stock DCF: 45,990.46 | 11.0653 | undervalue

Free Cash Flow

Year
A/P
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
Revenue -6.073.4946.9128.51127.86573.492,572.2411,536.9951,745.70
Revenue (%)
Operating Cash Flow 24.7123.9229.2813.11123.41553.502,482.5411,134.6949,941.33
Operating Cash Flow (%)
Capital Expenditure ---------
Capital Expenditure (%)
Free Cash Flow ----123.41553.502,482.5411,134.6949,941.33

Weighted Average Cost Of Capital

Share price $ 11.0,653
Beta 0.323
Diluted Shares Outstanding 39.79
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt 5.00%
Risk-Free Rate
Market Risk Premium
Cost of Equity 4.315
Total Debt -
Total Equity 440.26
Total Capital 440.26
Debt Weighting 0.00
Equity Weighting 100.00
Wacc

Build Up Free Cash Flow

Year
A/P
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
Revenue -6.073.4946.9128.51127.86573.492,572.2411,536.9951,745.70
Operating Cash Flow 24.7123.9229.2813.11123.41553.502,482.5411,134.6949,941.33
Capital Expenditure ---------
Free Cash Flow ----123.41553.502,482.5411,134.6949,941.33
WACC
PV LFCF 123.41530.582,281.199,807.8942,168.66
SUM PV LFCF 52,637.77

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 4.32
Free cash flow (t + 1) 50,940.16
Terminal Value 2,195,696.45
Present Value of Terminal Value 1,777,192.24

Intrinsic Value

Enterprise Value 1,829,830.01
Net Debt -
Equity Value 1,829,830.01
Shares Outstanding 39.79
Equity Value Per Share 45,990.46