Discounted Cash Flow (DCF) Analysis Levered

RiverNorth/DoubleLine Strategic Opp... (OPP)

$9.2

-0.10 (-1.08%)
All numbers are in Millions, Currency in USD
Stock DCF: -83.54 | 9.2 | overvalue

Free Cash Flow

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
Revenue 5.6215.77-10.27-11.06-11.91-12.82-13.81-14.87
Revenue (%)
Operating Cash Flow 16.8022.04-3.68-17.48-18.83-20.28-21.83-23.51
Operating Cash Flow (%)
Capital Expenditure --------
Capital Expenditure (%)
Free Cash Flow ----17.48-18.83-20.28-21.83-23.51

Weighted Average Cost Of Capital

Share price $ 9.2
Beta 0.107
Diluted Shares Outstanding 14.87
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt 2.83%
Risk-Free Rate
Market Risk Premium
Cost of Equity 4.308
Total Debt 65.50
Total Equity 136.79
Total Capital 202.29
Debt Weighting 32.38
Equity Weighting 67.62
Wacc

Build Up Free Cash Flow

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
Revenue 5.6215.77-10.27-11.06-11.91-12.82-13.81-14.87
Operating Cash Flow 16.8022.04-3.68-17.48-18.83-20.28-21.83-23.51
Capital Expenditure --------
Free Cash Flow ----17.48-18.83-20.28-21.83-23.51
WACC
PV LFCF -18.15-18.83-19.53-20.25-21.01
SUM PV LFCF -90.69

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 3.83
Free cash flow (t + 1) -23.98
Terminal Value -1,310.61
Present Value of Terminal Value -1,086.07

Intrinsic Value

Enterprise Value -1,176.76
Net Debt 65.40
Equity Value -1,242.16
Shares Outstanding 14.87
Equity Value Per Share -83.54