Discounted Cash Flow (DCF) Analysis Levered

PIMCO New York Municipal Income Fun... (PYN)

$6.255

+0.01 (+-%)
Financial Summary
Financial Statements
Quarter Financials
Chart
Financial Ratios
Profile
Historical Data
DCFDCF Levered
All numbers are in Millions, Currency in USD
Stock DCF: 33,427,116.38 | 6.255 | undervalue

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 -0.156.922.042.85-41.34599.88-8,704.65126,309.96-1,832,837.19
Revenue (%)
Operating Cash Flow 3.54-3.9110.862.02182.47-2,647.7938,421.09-557,514.188,089,882.38
Operating Cash Flow (%)
Capital Expenditure ---------
Capital Expenditure (%)
Free Cash Flow ----182.47-2,647.7938,421.09-557,514.188,089,882.38

Weighted Average Cost Of Capital

Share price $ 6.255
Beta 0.709
Diluted Shares Outstanding 5.74
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt 0.56%
Risk-Free Rate
Market Risk Premium
Cost of Equity 7.040
Total Debt 12.01
Total Equity 35.88
Total Capital 47.89
Debt Weighting 25.08
Equity Weighting 74.92
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 -0.156.922.042.85-41.34599.88-8,704.65126,309.96-1,832,837.19
Operating Cash Flow 3.54-3.9110.862.02182.47-2,647.7938,421.09-557,514.188,089,882.38
Capital Expenditure ---------
Free Cash Flow ----182.47-2,647.7938,421.09-557,514.188,089,882.38
WACC
PV LFCF 182.47-2,511.9034,578.49-476,003.866,552,619.56
SUM PV LFCF 5,795,337.03

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 5.41
Free cash flow (t + 1) 8,251,680.02
Terminal Value 241,984,751.44
Present Value of Terminal Value 185,942,614.55

Intrinsic Value

Enterprise Value 191,737,951.58
Net Debt 12.01
Equity Value 191,737,939.57
Shares Outstanding 5.74
Equity Value Per Share 33,427,116.38