Discounted Cash Flow (DCF) Analysis Levered
Stellus Capital Investment Corporat... (SCM)
$14.5492
+0.23 (+1.60%)
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 | 27.26 | 31.06 | 31.69 | 25.88 | 42.66 | 49.32 | 57.02 | 65.93 | 76.23 | 88.13 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 19.24 | -102.42 | -93.29 | -3.49 | -76.10 | -73.53 | -85.02 | -98.29 | -113.65 | -131.39 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | - | - | - | - | - | -73.53 | -85.02 | -98.29 | -113.65 | -131.39 |
Weighted Average Cost Of Capital
Share price | $ 14.5,492 |
---|---|
Beta | 1.257 |
Diluted Shares Outstanding | 19.49 |
Cost of Debt | |
Tax Rate | 9.56 |
After-tax Cost of Debt | 3.26% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 9.298 |
Total Debt | 518.17 |
Total Equity | 283.56 |
Total Capital | 801.73 |
Debt Weighting | 64.63 |
Equity Weighting | 35.37 |
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 | 27.26 | 31.06 | 31.69 | 25.88 | 42.66 | 49.32 | 57.02 | 65.93 | 76.23 | 88.13 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 19.24 | -102.42 | -93.29 | -3.49 | -76.10 | -73.53 | -85.02 | -98.29 | -113.65 | -131.39 |
Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
Free Cash Flow | - | - | - | - | - | -73.53 | -85.02 | -98.29 | -113.65 | -131.39 |
WACC | ||||||||||
PV LFCF | -69.77 | -76.53 | -83.95 | -92.09 | -101.01 | |||||
SUM PV LFCF | -423.34 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 5.40 |
Free cash flow (t + 1) | -134.02 |
Terminal Value | -3,941.78 |
Present Value of Terminal Value | -3,030.33 |
Intrinsic Value
Enterprise Value | -3,453.67 |
---|---|
Net Debt | 474 |
Equity Value | -3,927.67 |
Shares Outstanding | 19.49 |
Equity Value Per Share | -201.52 |