Discounted Cash Flow (DCF) Analysis Levered
Transcontinental Realty Investors, ... (TCI)
$30.25
-0.08 (-0.26%)
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 | 120.95 | 47.97 | 57.02 | 40.77 | 36.66 | 29.32 | 23.45 | 18.76 | 15.01 | 12 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | -181.19 | -35.75 | 5.63 | -10.99 | -45.39 | -21.42 | -17.13 | -13.70 | -10.96 | -8.77 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -78.87 | -31.28 | -37.18 | -26.59 | -23.90 | -19.12 | -15.29 | -12.23 | -9.78 | -7.83 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | -260.05 | -67.03 | -31.55 | -37.57 | -69.30 | -40.54 | -32.42 | -25.94 | -20.74 | -16.59 |
Weighted Average Cost Of Capital
| Share price | $ 30.25 |
|---|---|
| Beta | 0.602 |
| Diluted Shares Outstanding | 8.64 |
| Cost of Debt | |
| Tax Rate | 18.16 |
| After-tax Cost of Debt | 5.17% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 7.383 |
| Total Debt | 313.68 |
| Total Equity | 261.34 |
| Total Capital | 575.02 |
| Debt Weighting | 54.55 |
| Equity Weighting | 45.45 |
| 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 | 120.95 | 47.97 | 57.02 | 40.77 | 36.66 | 29.32 | 23.45 | 18.76 | 15.01 | 12 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -181.19 | -35.75 | 5.63 | -10.99 | -45.39 | -21.42 | -17.13 | -13.70 | -10.96 | -8.77 |
| Capital Expenditure | -78.87 | -31.28 | -37.18 | -26.59 | -23.90 | -19.12 | -15.29 | -12.23 | -9.78 | -7.83 |
| Free Cash Flow | -260.05 | -67.03 | -31.55 | -37.57 | -69.30 | -40.54 | -32.42 | -25.94 | -20.74 | -16.59 |
| WACC | ||||||||||
| PV LFCF | -38.18 | -28.76 | -21.67 | -16.32 | -12.29 | |||||
| SUM PV LFCF | -117.22 |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 6.18 |
| Free cash flow (t + 1) | -16.92 |
| Terminal Value | -404.90 |
| Present Value of Terminal Value | -300.01 |
Intrinsic Value
| Enterprise Value | -417.23 |
|---|---|
| Net Debt | 200.26 |
| Equity Value | -617.48 |
| Shares Outstanding | 8.64 |
| Equity Value Per Share | -71.47 |