Discounted Cash Flow (DCF) Analysis Levered
Oaktree Specialty Lending Corporati... (OCSL)
$20.26
-0.08 (-0.39%)
All numbers are in Millions, Currency in USD
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 | 57.20 | 127.13 | 49.77 | 247.52 | 39.11 | 75.73 | 146.64 | 283.94 | 549.79 | 1,064.55 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 60.29 | 215.82 | -152.88 | -230.52 | 22.39 | -10.27 | -19.89 | -38.52 | -74.58 | -144.40 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | - | - | - | - | - | -10.27 | -19.89 | -38.52 | -74.58 | -144.40 |
Weighted Average Cost Of Capital
| Share price | $ 20.26 |
|---|---|
| Beta | 1.310 |
| Diluted Shares Outstanding | 60.73 |
| Cost of Debt | |
| Tax Rate | 11.07 |
| After-tax Cost of Debt | 3.21% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 9.818 |
| Total Debt | 1,301.04 |
| Total Equity | 1,230.33 |
| Total Capital | 2,531.37 |
| Debt Weighting | 51.40 |
| Equity Weighting | 48.60 |
| 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 | 57.20 | 127.13 | 49.77 | 247.52 | 39.11 | 75.73 | 146.64 | 283.94 | 549.79 | 1,064.55 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 60.29 | 215.82 | -152.88 | -230.52 | 22.39 | -10.27 | -19.89 | -38.52 | -74.58 | -144.40 |
| Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | -10.27 | -19.89 | -38.52 | -74.58 | -144.40 |
| WACC | ||||||||||
| PV LFCF | -7.53 | -13.69 | -24.92 | -45.33 | -82.48 | |||||
| SUM PV LFCF | -223.12 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 6.42 |
| Free cash flow (t + 1) | -147.29 |
| Terminal Value | -3,332.42 |
| Present Value of Terminal Value | -2,441.42 |
Intrinsic Value
| Enterprise Value | -2,664.54 |
|---|---|
| Net Debt | 1,277.52 |
| Equity Value | -3,942.05 |
| Shares Outstanding | 60.73 |
| Equity Value Per Share | -64.91 |