Discounted Cash Flow (DCF) Analysis Levered

Summit Industrial Income REIT (SMU-UN.TO)

$23.48

+0.02 (+0.09%)
Financial Summary
Financial Statements
Quarter Financials
Chart
Financial Ratios
Profile
Historical Data
DCFDCF Levered
All numbers are in Millions, Currency in USD
Stock DCF: 76.69 | 23.48 | undervalue

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 92.15142.19190.91216.97250.33323.92419.14542.36701.81908.13
Revenue (%)
Operating Cash Flow 47.8649.8179.0686.90120.15140.22181.44234.78303.79393.10
Operating Cash Flow (%)
Capital Expenditure ----------
Capital Expenditure (%)
Free Cash Flow -----140.22181.44234.78303.79393.10

Weighted Average Cost Of Capital

Share price $ 23.48
Beta 0.000
Diluted Shares Outstanding 187.19
Cost of Debt
Tax Rate -83.51
After-tax Cost of Debt 2.61%
Risk-Free Rate
Market Risk Premium
Cost of Equity 4.752
Total Debt 1,467.36
Total Equity 4,395.24
Total Capital 5,862.60
Debt Weighting 25.03
Equity Weighting 74.97
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 92.15142.19190.91216.97250.33323.92419.14542.36701.81908.13
Operating Cash Flow 47.8649.8179.0686.90120.15140.22181.44234.78303.79393.10
Capital Expenditure ----------
Free Cash Flow -----140.22181.44234.78303.79393.10
WACC
PV LFCF 134.54167.04207.40257.50319.71
SUM PV LFCF 1,086.18

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 4.22
Free cash flow (t + 1) 400.97
Terminal Value 18,061.52
Present Value of Terminal Value 14,689.23

Intrinsic Value

Enterprise Value 15,775.41
Net Debt 1,419.62
Equity Value 14,355.79
Shares Outstanding 187.19
Equity Value Per Share 76.69