Discounted Cash Flow (DCF) Analysis Levered

Nuveen Georgia Quality Municipal In... (NKG)

$10.55

-0.02 (-0.19%)
All numbers are in Millions, Currency in USD
Stock DCF: 520,941.72 | 10.55 | undervalue

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 0.260.459.995.7710.3567.70443.022,899.0318,970.51124,138.02
Revenue (%)
Operating Cash Flow -5.1611.7410.274.636.22110.35722.114,725.3030,921.14202,339.78
Operating Cash Flow (%)
Capital Expenditure ----------
Capital Expenditure (%)
Free Cash Flow -----110.35722.114,725.3030,921.14202,339.78

Weighted Average Cost Of Capital

Share price $ 10.55
Beta 0.324
Diluted Shares Outstanding 10.40
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt 5.00%
Risk-Free Rate
Market Risk Premium
Cost of Equity 5.079
Total Debt -
Total Equity 109.73
Total Capital 109.73
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
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 0.260.459.995.7710.3567.70443.022,899.0318,970.51124,138.02
Operating Cash Flow -5.1611.7410.274.636.22110.35722.114,725.3030,921.14202,339.78
Capital Expenditure ----------
Free Cash Flow -----110.35722.114,725.3030,921.14202,339.78
WACC
PV LFCF 105.02653.984,072.5825,361.51157,935.93
SUM PV LFCF 188,129.02

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 5.08
Free cash flow (t + 1) 206,386.58
Terminal Value 6,700,862.84
Present Value of Terminal Value 5,230,345.86

Intrinsic Value

Enterprise Value 5,418,474.88
Net Debt -1.43
Equity Value 5,418,476.31
Shares Outstanding 10.40
Equity Value Per Share 520,941.72