Discounted Cash Flow (DCF) Analysis Levered
NexPoint Residential Trust, Inc. (NXRT)
$40.64
+0.31 (+0.77%)
All numbers are in Millions, Currency in USD
Free Cash Flow
Year A/P | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Actual | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected | 2028 Projected |
| Revenue | 204.80 | 219.24 | 263.95 | -18.08 | -13.29 | -9.77 | -7.19 | -5.28 | -3.89 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | |||||||||
| Operating Cash Flow | 57.23 | 73.27 | 79.10 | -5.50 | -4.05 | -2.98 | -2.19 | -1.61 | -1.18 |
| Operating Cash Flow (%) | |||||||||
| Capital Expenditure | - | - | - | - | - | - | - | - | - |
| Capital Expenditure (%) | |||||||||
| Free Cash Flow | - | - | - | - | -4.05 | -2.98 | -2.19 | -1.61 | -1.18 |
Weighted Average Cost Of Capital
| Share price | $ 40.64 |
|---|---|
| Beta | 1.090 |
| Diluted Shares Outstanding | 25.61 |
| Cost of Debt | |
| Tax Rate | 0.31 |
| After-tax Cost of Debt | 4.98% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 8.955 |
| Total Debt | - |
| Total Equity | 1,040.79 |
| Total Capital | 1,040.79 |
| Debt Weighting | 0.00 |
| Equity Weighting | 100.00 |
| Wacc |
Build Up Free Cash Flow
Year A/P | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Actual | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected | 2028 Projected |
| Revenue | 204.80 | 219.24 | 263.95 | -18.08 | -13.29 | -9.77 | -7.19 | -5.28 | -3.89 |
|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 57.23 | 73.27 | 79.10 | -5.50 | -4.05 | -2.98 | -2.19 | -1.61 | -1.18 |
| Capital Expenditure | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | -4.05 | -2.98 | -2.19 | -1.61 | -1.18 |
| WACC | |||||||||
| PV LFCF | -4.05 | -2.73 | -1.84 | -1.24 | -0.84 | ||||
| SUM PV LFCF | -9.82 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 8.96 |
| Free cash flow (t + 1) | -1.21 |
| Terminal Value | -17.34 |
| Present Value of Terminal Value | -11.29 |
Intrinsic Value
| Enterprise Value | -21.11 |
|---|---|
| Net Debt | -14.14 |
| Equity Value | -6.97 |
| Shares Outstanding | 25.61 |
| Equity Value Per Share | -0.27 |