Discounted Cash Flow (DCF) Analysis Levered

Nuveen Arizona Quality Municipal In... (NAZ)

$10.59

-0.01 (-0.09%)
All numbers are in Millions, Currency in USD
Stock DCF: Infinity | 10.59 | undervalue

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 6.9222.131.120.48-18.81167.24-1,487.1313,223.45-117,582.251,045,535.11
Revenue (%)
Operating Cash Flow 1.685.566.117.196.89688.87-6,125.4054,466.73-484,315.284,306,505.68
Operating Cash Flow (%)
Capital Expenditure ----------
Capital Expenditure (%)
Free Cash Flow -----688.87-6,125.4054,466.73-484,315.284,306,505.68

Weighted Average Cost Of Capital

Share price $ 10.59
Beta 0.401
Diluted Shares Outstanding -
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt 156.17%
Risk-Free Rate
Market Risk Premium
Cost of Equity 6.014
Total Debt 1.50
Total Equity -
Total Capital 1.50
Debt Weighting 100.00
Equity Weighting 0.00
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 6.9222.131.120.48-18.81167.24-1,487.1313,223.45-117,582.251,045,535.11
Operating Cash Flow 1.685.566.117.196.89688.87-6,125.4054,466.73-484,315.284,306,505.68
Capital Expenditure ----------
Free Cash Flow -----688.87-6,125.4054,466.73-484,315.284,306,505.68
WACC
PV LFCF 268.91-933.423,240.01-11,246.4439,037.65
SUM PV LFCF 30,366.71

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 156.17
Free cash flow (t + 1) 4,392,635.79
Terminal Value 2,849,215.66
Present Value of Terminal Value 25,827.60

Intrinsic Value

Enterprise Value 56,194.31
Net Debt 1.50
Equity Value 56,192.81
Shares Outstanding -
Equity Value Per Share Infinity