Discounted Cash Flow (DCF) Analysis Levered

Nuveen Municipal Credit Opportuniti... (NMCO)

$11.22

+0.02 (+0.18%)
Financial Summary
Financial Statements
Quarter Financials
Chart
Financial Ratios
Profile
Historical Data
DCFDCF Levered
All numbers are in Millions, Currency in USD
Stock DCF: -8,056.31 | 11.22 | overvalue

Free Cash Flow

Year
A/P
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue -80.94182.76-412.66931.79-2,103.994,750.82-10,727.37
Revenue (%)
Operating Cash Flow -401.0421.59-1,046.752,363.57-5,336.9512,050.85-27,210.87
Operating Cash Flow (%)
Capital Expenditure -------
Capital Expenditure (%)
Free Cash Flow ---1,046.752,363.57-5,336.9512,050.85-27,210.87

Weighted Average Cost Of Capital

Share price $ 11.22
Beta 0.658
Diluted Shares Outstanding 53.34
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt 5.00%
Risk-Free Rate
Market Risk Premium
Cost of Equity 6.797
Total Debt -
Total Equity 598.51
Total Capital 598.51
Debt Weighting 0.00
Equity Weighting 100.00
Wacc

Build Up Free Cash Flow

Year
A/P
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue -80.94182.76-412.66931.79-2,103.994,750.82-10,727.37
Operating Cash Flow -401.0421.59-1,046.752,363.57-5,336.9512,050.85-27,210.87
Capital Expenditure -------
Free Cash Flow ---1,046.752,363.57-5,336.9512,050.85-27,210.87
WACC
PV LFCF -1,193.952,524.29-5,336.9511,283.57-23,856.13
SUM PV LFCF -13,609.71

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 6.80
Free cash flow (t + 1) -27,755.09
Terminal Value -578,231.03
Present Value of Terminal Value -416,145.43

Intrinsic Value

Enterprise Value -429,755.14
Net Debt -3.39
Equity Value -429,751.75
Shares Outstanding 53.34
Equity Value Per Share -8,056.31