Discounted Cash Flow (DCF) Analysis Levered

PIMCO Global StocksPLUS & Income Fu... (PGP)

$6.89

-0.05 (-0.72%)
All numbers are in Millions, Currency in USD
Stock DCF: -156.41 | 6.89 | overvalue

Free Cash Flow

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 9.748.01-14.4941.91-54.2070.09-90.64117.21-151.58
Revenue (%)
Operating Cash Flow 45.46-10.6921.06-4.30-24.0531.11-40.2352.02-67.28
Operating Cash Flow (%)
Capital Expenditure ---------
Capital Expenditure (%)
Free Cash Flow -----24.0531.11-40.2352.02-67.28

Weighted Average Cost Of Capital

Share price $ 6.89
Beta 1.025
Diluted Shares Outstanding 11.02
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt 0.66%
Risk-Free Rate
Market Risk Premium
Cost of Equity 8.666
Total Debt 56.12
Total Equity 75.92
Total Capital 132.04
Debt Weighting 42.50
Equity Weighting 57.50
Wacc

Build Up Free Cash Flow

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 9.748.01-14.4941.91-54.2070.09-90.64117.21-151.58
Operating Cash Flow 45.46-10.6921.06-4.30-24.0531.11-40.2352.02-67.28
Capital Expenditure ---------
Free Cash Flow -----24.0531.11-40.2352.02-67.28
WACC
PV LFCF -24.0529.55-36.3144.61-54.80
SUM PV LFCF -38.96

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 5.26
Free cash flow (t + 1) -68.62
Terminal Value -2,104.97
Present Value of Terminal Value -1,629.03

Intrinsic Value

Enterprise Value -1,667.98
Net Debt 55.41
Equity Value -1,723.40
Shares Outstanding 11.02
Equity Value Per Share -156.41