Discounted Cash Flow (DCF) Analysis Levered

Royce Global Value Trust, Inc. (RGT)

$8.09

+0.12 (+1.51%)
All numbers are in Millions, Currency in USD
Stock DCF: -1.14 | 8.09 | overvalue

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 31.41-20.4634.532513.10-3.570.98-0.270.07-0.02
Revenue (%)
Operating Cash Flow 0.460.2650.1083.6111.05-4.031.10-0.300.08-0.02
Operating Cash Flow (%)
Capital Expenditure ----------
Capital Expenditure (%)
Free Cash Flow ------4.031.10-0.300.08-0.02

Weighted Average Cost Of Capital

Share price $ 8.09
Beta 1.319
Diluted Shares Outstanding 6.27
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt 1.14%
Risk-Free Rate
Market Risk Premium
Cost of Equity 9.973
Total Debt 4
Total Equity 50.70
Total Capital 54.70
Debt Weighting 7.31
Equity Weighting 92.69
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 31.41-20.4634.532513.10-3.570.98-0.270.07-0.02
Operating Cash Flow 0.460.2650.1083.6111.05-4.031.10-0.300.08-0.02
Capital Expenditure ----------
Free Cash Flow ------4.031.10-0.300.08-0.02
WACC
PV LFCF -3.690.92-0.230.06-0.01
SUM PV LFCF -2.95

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 9.33
Free cash flow (t + 1) -0.02
Terminal Value -0.31
Present Value of Terminal Value -0.20

Intrinsic Value

Enterprise Value -3.15
Net Debt 4
Equity Value -7.15
Shares Outstanding 6.27
Equity Value Per Share -1.14