Discounted Cash Flow (DCF) Analysis Levered
Stellus Capital Investment Corporat... (SCM)
$13.85
-0.01 (-0.07%)
All numbers are in Millions, Currency in USD
Free Cash Flow
Year A/P | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected |
| Revenue | 31.06 | 31.69 | 25.88 | 42.66 | 75.11 | 98.51 | 129.20 | 169.45 | 222.24 | 291.48 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -102.42 | -93.29 | -3.49 | -76.10 | -56,286,557 | -14,764,466.57 | -19,364,046.30 | -25,396,534.81 | -33,308,326.69 | -43,684,882.03 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | - | - | - | - | - | -14,764,466.57 | -19,364,046.30 | -25,396,534.81 | -33,308,326.69 | -43,684,882.03 |
Weighted Average Cost Of Capital
| Share price | $ 13.85 |
|---|---|
| Beta | 1.223 |
| Diluted Shares Outstanding | 19.55 |
| Cost of Debt | |
| Tax Rate | 3.90 |
| After-tax Cost of Debt | 5.78% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 9.485 |
| Total Debt | 406.44 |
| Total Equity | 270.81 |
| Total Capital | 677.25 |
| Debt Weighting | 60.01 |
| Equity Weighting | 39.99 |
| Wacc |
Build Up Free Cash Flow
Year A/P | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected |
| Revenue | 31.06 | 31.69 | 25.88 | 42.66 | 75.11 | 98.51 | 129.20 | 169.45 | 222.24 | 291.48 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -102.42 | -93.29 | -3.49 | -76.10 | -56,286,557 | -14,764,466.57 | -19,364,046.30 | -25,396,534.81 | -33,308,326.69 | -43,684,882.03 |
| Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | -14,764,466.57 | -19,364,046.30 | -25,396,534.81 | -33,308,326.69 | -43,684,882.03 |
| WACC | ||||||||||
| PV LFCF | -13,765,118.93 | -16,831,411.08 | -20,580,744.74 | -25,165,272.94 | -30,771,042.08 | |||||
| SUM PV LFCF | -107,113,589.78 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 7.26 |
| Free cash flow (t + 1) | -44,558,579.67 |
| Terminal Value | -847,121,286.59 |
| Present Value of Terminal Value | -596,700,816.01 |
Intrinsic Value
| Enterprise Value | -703,814,405.79 |
|---|---|
| Net Debt | 358.40 |
| Equity Value | -703,814,764.19 |
| Shares Outstanding | 19.55 |
| Equity Value Per Share | -35,995,358.66 |