Discounted Cash Flow (DCF) Analysis Levered

OFS Credit Company, Inc. (OCCI)

$8.3865

-0.11 (-1.34%)
All numbers are in Millions, Currency in USD
Stock DCF: 280,493,391.07 | 8.3865 | 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 0.35-6.47-1.6422.97-246.882,653.30-28,516.30306,478.15-3,293,865.52
Revenue (%)
Operating Cash Flow -41.04-28.933.46-65.727,251.77-77,938.15837,638.15-9,002,493.0396,754,047.40
Operating Cash Flow (%)
Capital Expenditure ---------
Capital Expenditure (%)
Free Cash Flow ----7,251.77-77,938.15837,638.15-9,002,493.0396,754,047.40

Weighted Average Cost Of Capital

Share price $ 8.3,865
Beta 1.482
Diluted Shares Outstanding 2.60
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt 5.00%
Risk-Free Rate
Market Risk Premium
Cost of Equity 10.754
Total Debt -
Total Equity 21.81
Total Capital 21.81
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
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 0.35-6.47-1.6422.97-246.882,653.30-28,516.30306,478.15-3,293,865.52
Operating Cash Flow -41.04-28.933.46-65.727,251.77-77,938.15837,638.15-9,002,493.0396,754,047.40
Capital Expenditure ---------
Free Cash Flow ----7,251.77-77,938.15837,638.15-9,002,493.0396,754,047.40
WACC
PV LFCF 7,251.77-70,373.05682,918.66-6,627,223.0764,312,323.74
SUM PV LFCF 52,645,506.13

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 10.75
Free cash flow (t + 1) 98,689,128.35
Terminal Value 1,127,875,752.56
Present Value of Terminal Value 676,928,167.31

Intrinsic Value

Enterprise Value 729,573,673.43
Net Debt -15
Equity Value 729,573,688.43
Shares Outstanding 2.60
Equity Value Per Share 280,493,391.07