Discounted Cash Flow (DCF) Analysis Levered
SIR Royalty Income Fund (SRV-UN.TO)
$16.3
-0.01 (-0.06%)
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 | 7.99 | 16.78 | -42.73 | 7.12 | 48.95 | 76.59 | 119.83 | 187.49 | 293.35 | 458.98 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 10.02 | 10.10 | 2.20 | 6.30 | 11.58 | 44.80 | 70.10 | 109.68 | 171.60 | 268.49 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | - | - | - | - | - | 44.80 | 70.10 | 109.68 | 171.60 | 268.49 |
Weighted Average Cost Of Capital
| Share price | $ 16.3 |
|---|---|
| Beta | 2.481 |
| Diluted Shares Outstanding | 9.67 |
| Cost of Debt | |
| Tax Rate | 8.11 |
| After-tax Cost of Debt | -% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 15.965 |
| Total Debt | - |
| Total Equity | 157.58 |
| Total Capital | - |
| Debt Weighting | - |
| Equity Weighting | - |
| 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 | 7.99 | 16.78 | -42.73 | 7.12 | 48.95 | 76.59 | 119.83 | 187.49 | 293.35 | 458.98 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 10.02 | 10.10 | 2.20 | 6.30 | 11.58 | 44.80 | 70.10 | 109.68 | 171.60 | 268.49 |
| Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | 44.80 | 70.10 | 109.68 | 171.60 | 268.49 |
| WACC | ||||||||||
| PV LFCF | - | - | - | - | - | |||||
| SUM PV LFCF | - |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | - |
| Free cash flow (t + 1) | 273.86 |
| Terminal Value | - |
| Present Value of Terminal Value | - |
Intrinsic Value
| Enterprise Value | - |
|---|---|
| Net Debt | -2.28 |
| Equity Value | - |
| Shares Outstanding | 9.67 |
| Equity Value Per Share | - |