Discounted Cash Flow (DCF) Analysis Levered
Western Asset Intermediate Muni Fun... (SBI)
$7.935
+0.05 (+0.57%)
All numbers are in Millions, Currency in USD
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 | 8.76 | 1.73 | 12.97 | 5.34 | 7.09 | 16.73 | 39.50 | 93.27 | 220.24 | 520.04 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 5.58 | 6.96 | 4.70 | 4.03 | 2.53 | 20.55 | 48.53 | 114.60 | 270.59 | 638.92 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | - | - | - | - | - | 20.55 | 48.53 | 114.60 | 270.59 | 638.92 |
Weighted Average Cost Of Capital
Share price | $ 7.935 |
---|---|
Beta | 0.288 |
Diluted Shares Outstanding | 14.01 |
Cost of Debt | |
Tax Rate | 0.00 |
After-tax Cost of Debt | 0.63% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 4.876 |
Total Debt | 1.45 |
Total Equity | 111.19 |
Total Capital | 112.64 |
Debt Weighting | 1.28 |
Equity Weighting | 98.72 |
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 | 8.76 | 1.73 | 12.97 | 5.34 | 7.09 | 16.73 | 39.50 | 93.27 | 220.24 | 520.04 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 5.58 | 6.96 | 4.70 | 4.03 | 2.53 | 20.55 | 48.53 | 114.60 | 270.59 | 638.92 |
Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
Free Cash Flow | - | - | - | - | - | 20.55 | 48.53 | 114.60 | 270.59 | 638.92 |
WACC | ||||||||||
PV LFCF | 19.61 | 44.17 | 99.50 | 224.15 | 504.92 | |||||
SUM PV LFCF | 892.35 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 4.82 |
Free cash flow (t + 1) | 651.70 |
Terminal Value | 23,109.77 |
Present Value of Terminal Value | 18,263.12 |
Intrinsic Value
Enterprise Value | 19,155.47 |
---|---|
Net Debt | 1.45 |
Equity Value | 19,154.02 |
Shares Outstanding | 14.01 |
Equity Value Per Share | 1,366.89 |