Discounted Cash Flow (DCF) Analysis Levered

Nuveen Georgia Quality Municipal In... (NKG)

$9.7

-0.05 (-0.51%)
All numbers are in Millions, Currency in USD
Stock DCF: 519,067.65 | 9.7 | 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 $ 9.7
Beta 0.238
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 5.088
Total Debt -
Total Equity 100.89
Total Capital 100.89
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 105.01653.854,071.4225,351.86157,860.80
SUM PV LFCF 188,042.94

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 5.09
Free cash flow (t + 1) 206,386.58
Terminal Value 6,679,177.19
Present Value of Terminal Value 5,210,939.19

Intrinsic Value

Enterprise Value 5,398,982.13
Net Debt -1.43
Equity Value 5,398,983.56
Shares Outstanding 10.40
Equity Value Per Share 519,067.65