Discounted Cash Flow (DCF) Analysis Levered

PIMCO Income Strategy Fund II (PFN)

$8.34

+0.12 (+1.46%)
All numbers are in Millions, Currency in USD
Stock DCF: -4,397.81 | 8.34 | overvalue

Free Cash Flow

Year
A/P
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue -32.24134.52-561.282,341.87-9,771.2040,769.23-170,105.11
Revenue (%)
Operating Cash Flow -38.49-148.29-25.67107.11-446.911,864.66-7,780.09
Operating Cash Flow (%)
Capital Expenditure -------
Capital Expenditure (%)
Free Cash Flow ---25.67107.11-446.911,864.66-7,780.09

Weighted Average Cost Of Capital

Share price $ 8.34
Beta 0.658
Diluted Shares Outstanding 73.41
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt 0.51%
Risk-Free Rate
Market Risk Premium
Cost of Equity 5.944
Total Debt 326.55
Total Equity 612.25
Total Capital 938.80
Debt Weighting 34.78
Equity Weighting 65.22
Wacc

Build Up Free Cash Flow

Year
A/P
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue -32.24134.52-561.282,341.87-9,771.2040,769.23-170,105.11
Operating Cash Flow -38.49-148.29-25.67107.11-446.911,864.66-7,780.09
Capital Expenditure -------
Free Cash Flow ---25.67107.11-446.911,864.66-7,780.09
WACC
PV LFCF -26.71107.11-429.511,722.33-6,906.51
SUM PV LFCF -5,110.92

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 4.05
Free cash flow (t + 1) -7,935.70
Terminal Value -387,107.13
Present Value of Terminal Value -317,410.10

Intrinsic Value

Enterprise Value -322,521.03
Net Debt 326.55
Equity Value -322,847.58
Shares Outstanding 73.41
Equity Value Per Share -4,397.81