Discounted Cash Flow (DCF) Analysis Levered

John Hancock Premium Dividend Fund (PDT)

$13.54

+0.09 (+0.67%)
All numbers are in Millions, Currency in USD
Stock DCF: 220,683.44 | 13.54 | undervalue

Free Cash Flow

Year
A/P
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 62.766.23128.38-80.68159.35721.503,266.8514,791.8266,975.20303,253.84
Revenue (%)
Operating Cash Flow 7080.3356.9466.9456.702,018.039,137.3541,372.58187,328.95848,197.89
Operating Cash Flow (%)
Capital Expenditure ----------
Capital Expenditure (%)
Free Cash Flow -----2,018.039,137.3541,372.58187,328.95848,197.89

Weighted Average Cost Of Capital

Share price $ 13.54
Beta 0.869
Diluted Shares Outstanding 48.78
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt 5.00%
Risk-Free Rate
Market Risk Premium
Cost of Equity 7.905
Total Debt -
Total Equity 660.49
Total Capital 660.49
Debt Weighting 0.00
Equity Weighting 100.00
Wacc

Build Up Free Cash Flow

Year
A/P
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 62.766.23128.38-80.68159.35721.503,266.8514,791.8266,975.20303,253.84
Operating Cash Flow 7080.3356.9466.9456.702,018.039,137.3541,372.58187,328.95848,197.89
Capital Expenditure ----------
Free Cash Flow -----2,018.039,137.3541,372.58187,328.95848,197.89
WACC
PV LFCF 1,278.085,362.7622,501.8994,416.89396,168.79
SUM PV LFCF 760,474.97

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 7.91
Free cash flow (t + 1) 865,161.85
Terminal Value 14,638,948.34
Present Value of Terminal Value 10,004,638.84

Intrinsic Value

Enterprise Value 10,765,113.81
Net Debt -0.13
Equity Value 10,765,113.95
Shares Outstanding 48.78
Equity Value Per Share 220,683.44