Discounted Cash Flow (DCF) Analysis Levered
Nuveen Quality Municipal Income Fun... (NAD)
$12.0894
+0.09 (+0.75%)
All numbers are in Millions, Currency in USD
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 | 90.17 | -58.34 | 431.76 | 104.86 | 238.84 | -330.02 | 456.01 | -630.10 | 870.65 | -1,203.04 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 221.18 | -22.20 | 130.35 | 143.30 | 155.64 | -340.14 | 469.99 | -649.42 | 897.36 | -1,239.94 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | - | - | - | - | - | -340.14 | 469.99 | -649.42 | 897.36 | -1,239.94 |
Weighted Average Cost Of Capital
Share price | $ 12.0,894 |
---|---|
Beta | 0.357 |
Diluted Shares Outstanding | 201.94 |
Cost of Debt | |
Tax Rate | 0.00 |
After-tax Cost of Debt | 233.00% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 5.073 |
Total Debt | 5.95 |
Total Equity | 2,441.35 |
Total Capital | 2,447.30 |
Debt Weighting | 0.24 |
Equity Weighting | 99.76 |
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 | 90.17 | -58.34 | 431.76 | 104.86 | 238.84 | -330.02 | 456.01 | -630.10 | 870.65 | -1,203.04 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 221.18 | -22.20 | 130.35 | 143.30 | 155.64 | -340.14 | 469.99 | -649.42 | 897.36 | -1,239.94 |
Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
Free Cash Flow | - | - | - | - | - | -340.14 | 469.99 | -649.42 | 897.36 | -1,239.94 |
WACC | ||||||||||
PV LFCF | -322.01 | 421.23 | -551.02 | 720.80 | -942.90 | |||||
SUM PV LFCF | -673.90 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 5.63 |
Free cash flow (t + 1) | -1,264.74 |
Terminal Value | -34,841.32 |
Present Value of Terminal Value | -26,494.65 |
Intrinsic Value
Enterprise Value | -27,168.55 |
---|---|
Net Debt | 5.95 |
Equity Value | -27,174.50 |
Shares Outstanding | 201.94 |
Equity Value Per Share | -134.57 |