Discounted Cash Flow (DCF) Analysis Levered

NETSTREIT Corp. (NTST)

$19.43

+0.04 (+0.21%)
All numbers are in Millions, Currency in USD
Stock DCF: 146.54 | 19.43 | undervalue

Free Cash Flow

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 23.8319.8133.7359.1484.52120.80172.65246.75352.66
Revenue (%)
Operating Cash Flow 8.905.9912.7531.4833.5247.9168.4797.85139.85
Operating Cash Flow (%)
Capital Expenditure ---0.05-0.73-0.59-0.84-1.20-1.71-2.45
Capital Expenditure (%)
Free Cash Flow 8.905.9912.7030.7532.9347.0767.2796.14137.40

Weighted Average Cost Of Capital

Share price $ 19.43
Beta 0.946
Diluted Shares Outstanding 21.16
Cost of Debt
Tax Rate 5.08
After-tax Cost of Debt 1.44%
Risk-Free Rate
Market Risk Premium
Cost of Equity 7.972
Total Debt 243.77
Total Equity 411.10
Total Capital 654.87
Debt Weighting 37.22
Equity Weighting 62.78
Wacc

Build Up Free Cash Flow

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 23.8319.8133.7359.1484.52120.80172.65246.75352.66
Operating Cash Flow 8.905.9912.7531.4833.5247.9168.4797.85139.85
Capital Expenditure ---0.05-0.73-0.59-0.84-1.20-1.71-2.45
Free Cash Flow 8.905.9912.7030.7532.9347.0767.2796.14137.40
WACC
PV LFCF 31.2042.2557.2277.49104.93
SUM PV LFCF 313.10

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 5.54
Free cash flow (t + 1) 140.15
Terminal Value 3,959.04
Present Value of Terminal Value 3,023.46

Intrinsic Value

Enterprise Value 3,336.56
Net Debt 236.17
Equity Value 3,100.39
Shares Outstanding 21.16
Equity Value Per Share 146.54