Discounted Cash Flow (DCF) Analysis Levered
Stellus Capital Investment Corporat... (SCM)
$13.71
+0.08 (+0.61%)
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 | $ 13.71 |
|---|---|
| Beta | 1.230 |
| 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 | 9.555 |
| Total Debt | 518.17 |
| Total Equity | 267.20 |
| Total Capital | 785.37 |
| Debt Weighting | 65.98 |
| Equity Weighting | 34.02 |
| 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 |