Discounted Cash Flow (DCF) Analysis Levered

PIMCO High Income Fund (PHK)

$4.33

+0.06 (+1.41%)
Financial Summary
Financial Statements
Quarter Financials
Chart
Financial Ratios
Profile
Historical Data
DCFDCF Levered
All numbers are in Millions, Currency in USD
Stock DCF: 0.74 | 4.33 | overvalue

Free Cash Flow

Year
A/P
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Actual
2024
Projected
2025
Projected
2026
Projected
2027
Projected
2028
Projected
Revenue 92.50-86.68197.97-90.3851.26-54.3957.72-61.2564.99-68.97
Revenue (%)
Operating Cash Flow 70.58127.86-178.23295.76185.6613.73-14.5715.46-16.4117.41
Operating Cash Flow (%)
Capital Expenditure ----------
Capital Expenditure (%)
Free Cash Flow -----13.73-14.5715.46-16.4117.41

Weighted Average Cost Of Capital

Share price $ 4.33
Beta 0.738
Diluted Shares Outstanding 133.02
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt 14.29%
Risk-Free Rate
Market Risk Premium
Cost of Equity 8.216
Total Debt 82.19
Total Equity 575.97
Total Capital 658.17
Debt Weighting 12.49
Equity Weighting 87.51
Wacc

Build Up Free Cash Flow

Year
A/P
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Actual
2024
Projected
2025
Projected
2026
Projected
2027
Projected
2028
Projected
Revenue 92.50-86.68197.97-90.3851.26-54.3957.72-61.2564.99-68.97
Operating Cash Flow 70.58127.86-178.23295.76185.6613.73-14.5715.46-16.4117.41
Capital Expenditure ----------
Free Cash Flow -----13.73-14.5715.46-16.4117.41
WACC
PV LFCF 12.60-12.2711.95-11.6411.33
SUM PV LFCF 11.98

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 8.97
Free cash flow (t + 1) 17.76
Terminal Value 254.84
Present Value of Terminal Value 165.86

Intrinsic Value

Enterprise Value 177.83
Net Debt 79.64
Equity Value 98.20
Shares Outstanding 133.02
Equity Value Per Share 0.74