Discounted Cash Flow (DCF) Analysis Levered
Nuveen Municipal Income Fund, Inc. (NMI)
$8.87
+0.18 (+2.07%)
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 | 2.24 | 0.24 | 8.11 | 1.88 | 5.35 | 49.52 | 458.23 | 4,240.46 | 39,241.15 | 363,137.09 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 2.07 | -0.04 | 7.94 | 1.10 | 3.13 | 28.94 | 267.83 | 2,478.48 | 22,935.85 | 212,248.03 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | - | - | - | 1.10 | 3.13 | 28.94 | 267.83 | 2,478.48 | 22,935.85 | 212,248.03 |
Weighted Average Cost Of Capital
| Share price | $ 8.87 |
|---|---|
| Beta | 0.099 |
| Diluted Shares Outstanding | 8.82 |
| Cost of Debt | |
| Tax Rate | 0.00 |
| After-tax Cost of Debt | -% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 4.117 |
| Total Debt | - |
| Total Equity | 78.22 |
| Total Capital | - |
| Debt Weighting | - |
| Equity Weighting | - |
| 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 | 2.24 | 0.24 | 8.11 | 1.88 | 5.35 | 49.52 | 458.23 | 4,240.46 | 39,241.15 | 363,137.09 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 2.07 | -0.04 | 7.94 | 1.10 | 3.13 | 28.94 | 267.83 | 2,478.48 | 22,935.85 | 212,248.03 |
| Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | 1.10 | 3.13 | 28.94 | 267.83 | 2,478.48 | 22,935.85 | 212,248.03 |
| WACC | ||||||||||
| PV LFCF | - | - | - | - | - | |||||
| SUM PV LFCF | - |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | - |
| Free cash flow (t + 1) | 216,492.99 |
| Terminal Value | - |
| Present Value of Terminal Value | - |
Intrinsic Value
| Enterprise Value | - |
|---|---|
| Net Debt | -1.92 |
| Equity Value | - |
| Shares Outstanding | 8.82 |
| Equity Value Per Share | - |