Discounted Cash Flow (DCF) Analysis Levered
Oxford Square Capital Corp. (OXSQ)
$2.84
-0.05 (-1.73%)
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 | -5.52 | -28.74 | 5.54 | 43.88 | 43.12 | 150.11 | 522.61 | 1,819.44 | 6,334.30 | 22,052.51 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -33.92 | 47.76 | 95.05 | -107.43 | 20,371,728 | 14,185,190.65 | 49,384,974.39 | 171,931,118.59 | 598,568,894.79 | 2,083,885,248.56 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | - | - | - | - | - | 14,185,190.65 | 49,384,974.39 | 171,931,118.59 | 598,568,894.79 | 2,083,885,248.56 |
Weighted Average Cost Of Capital
| Share price | $ 2.84 |
|---|---|
| Beta | 1.175 |
| Diluted Shares Outstanding | 49.76 |
| Cost of Debt | |
| Tax Rate | 0.00 |
| After-tax Cost of Debt | 6.63% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 9.240 |
| Total Debt | 186.32 |
| Total Equity | 141.31 |
| Total Capital | 327.64 |
| Debt Weighting | 56.87 |
| Equity Weighting | 43.13 |
| 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 | -5.52 | -28.74 | 5.54 | 43.88 | 43.12 | 150.11 | 522.61 | 1,819.44 | 6,334.30 | 22,052.51 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -33.92 | 47.76 | 95.05 | -107.43 | 20,371,728 | 14,185,190.65 | 49,384,974.39 | 171,931,118.59 | 598,568,894.79 | 2,083,885,248.56 |
| Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | 14,185,190.65 | 49,384,974.39 | 171,931,118.59 | 598,568,894.79 | 2,083,885,248.56 |
| WACC | ||||||||||
| PV LFCF | 13,163,688.43 | 42,528,461.05 | 137,398,420.62 | 443,898,639.23 | 1,434,121,302.25 | |||||
| SUM PV LFCF | 2,071,110,511.58 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 7.76 |
| Free cash flow (t + 1) | 2,125,562,953.53 |
| Terminal Value | 36,902,134,609.98 |
| Present Value of Terminal Value | 25,395,898,060.76 |
Intrinsic Value
| Enterprise Value | 27,467,008,572.34 |
|---|---|
| Net Debt | 177.31 |
| Equity Value | 27,467,008,395.03 |
| Shares Outstanding | 49.76 |
| Equity Value Per Share | 552,021,646.17 |