Discounted Cash Flow (DCF) Analysis Levered
Transcontinental Realty Investors, ... (TCI)
$36.71
-0.54 (-1.45%)
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 | -37.15 | -17.50 | -8.07 | -18.69 | -14.32 | -11.45 | -9.16 | -7.33 | -5.86 |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | -260.05 | -72.90 | -11.87 | -19.06 | -64.08 | -35.73 | -28.58 | -22.86 | -18.29 | -14.63 |
Weighted Average Cost Of Capital
Share price | $ 36.71 |
---|---|
Beta | 0.535 |
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 | 6.881 |
Total Debt | 313.68 |
Total Equity | 317.15 |
Total Capital | 630.83 |
Debt Weighting | 49.73 |
Equity Weighting | 50.27 |
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 | -37.15 | -17.50 | -8.07 | -18.69 | -14.32 | -11.45 | -9.16 | -7.33 | -5.86 |
Free Cash Flow | -260.05 | -72.90 | -11.87 | -19.06 | -64.08 | -35.73 | -28.58 | -22.86 | -18.29 | -14.63 |
WACC | ||||||||||
PV LFCF | -33.70 | -25.42 | -19.18 | -14.47 | -10.91 | |||||
SUM PV LFCF | -103.69 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 6.03 |
Free cash flow (t + 1) | -14.70 |
Terminal Value | -265.82 |
Present Value of Terminal Value | -198.36 |
Intrinsic Value
Enterprise Value | -302.05 |
---|---|
Net Debt | 200.26 |
Equity Value | -502.30 |
Shares Outstanding | 8.64 |
Equity Value Per Share | -58.14 |