Discounted Cash Flow (DCF) Analysis Levered

John Hancock Premium Dividend Fund (PDT)

$13.77

+0.01 (+0.07%)
All numbers are in Millions, Currency in USD
Stock DCF: 234,884.54 | 13.77 | 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 $ 13.77
Beta 0.868
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 7.611
Total Debt -
Total Equity 671.71
Total Capital 671.71
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 1,875.327,890.6933,201.27139,699.35587,806.02
SUM PV LFCF 770,472.65

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 7.61
Free cash flow (t + 1) 865,161.85
Terminal Value 15,421,779.81
Present Value of Terminal Value 10,687,382.20

Intrinsic Value

Enterprise Value 11,457,854.86
Net Debt -0.13
Equity Value 11,457,854.99
Shares Outstanding 48.78
Equity Value Per Share 234,884.54