Discounted Cash Flow (DCF) Analysis Levered

Nuveen New York AMT-Free Quality Mu... (NRK)

$9.88

-0.03 (-0.30%)
All numbers are in Millions, Currency in USD
Stock DCF: 4.55 | 9.88 | overvalue

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 43.8063169.962.840.080.080.080.090.090.10
Revenue (%)
Operating Cash Flow 79.6831.4619.2673.8168.4114.7615.4216.1216.8517.60
Operating Cash Flow (%)
Capital Expenditure ----------
Capital Expenditure (%)
Free Cash Flow -----14.7615.4216.1216.8517.60

Weighted Average Cost Of Capital

Share price $ 9.88
Beta 0.327
Diluted Shares Outstanding 105.98
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt 5.00%
Risk-Free Rate
Market Risk Premium
Cost of Equity 5.439
Total Debt -
Total Equity 1,047.13
Total Capital 1,047.13
Debt Weighting 0.00
Equity Weighting 100.00
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 43.8063169.962.840.080.080.080.090.090.10
Operating Cash Flow 79.6831.4619.2673.8168.4114.7615.4216.1216.8517.60
Capital Expenditure ----------
Free Cash Flow -----14.7615.4216.1216.8517.60
WACC
PV LFCF 1413.8713.7513.6313.51
SUM PV LFCF 68.76

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 5.44
Free cash flow (t + 1) 17.96
Terminal Value 521.99
Present Value of Terminal Value 400.53

Intrinsic Value

Enterprise Value 469.29
Net Debt -12.96
Equity Value 482.25
Shares Outstanding 105.98
Equity Value Per Share 4.55