Discounted Cash Flow (DCF) Analysis Levered

SLR Investment Corp. (SLRC)

$14.98

-0.03 (-0.20%)
All numbers are in Millions, Currency in USD
Stock DCF: 3.95 | 14.98 | overvalue

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 76.2766.3523.6069.5328.3132.4137.1042.4748.6255.65
Revenue (%)
Operating Cash Flow 191.03186.72-62.60-135.1091.0625.5429.2333.4638.3043.85
Operating Cash Flow (%)
Capital Expenditure ----------
Capital Expenditure (%)
Free Cash Flow -----25.5429.2333.4638.3043.85

Weighted Average Cost Of Capital

Share price $ 14.98
Beta 1.136
Diluted Shares Outstanding 52.41
Cost of Debt
Tax Rate -259.59
After-tax Cost of Debt 4.25%
Risk-Free Rate
Market Risk Premium
Cost of Equity 9.613
Total Debt 1,086
Total Equity 785.04
Total Capital 1,871.04
Debt Weighting 58.04
Equity Weighting 41.96
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 76.2766.3523.6069.5328.3132.4137.1042.4748.6255.65
Operating Cash Flow 191.03186.72-62.60-135.1091.0625.5429.2333.4638.3043.85
Capital Expenditure ----------
Free Cash Flow -----25.5429.2333.4638.3043.85
WACC
PV LFCF 23.9825.7727.7029.7732
SUM PV LFCF 139.23

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 6.50
Free cash flow (t + 1) 44.72
Terminal Value 993.84
Present Value of Terminal Value 725.38

Intrinsic Value

Enterprise Value 864.61
Net Debt 657.66
Equity Value 206.94
Shares Outstanding 52.41
Equity Value Per Share 3.95