Discounted Cash Flow (DCF) Analysis Levered

Ecofin Sustainable and Social Impac... (TEAF)

$12.52

+0.02 (+0.16%)

All numbers are in Millions, Currency in USD

Stock DCF: 2,616.09 | 12.52 | undervalue

Free Cash Flow

Year A/P	2019 Actual	2020 Actual	2021 Actual	2022 Actual	2023 Projected	2024 Projected	2025 Projected	2026 Projected	2027 Projected
Revenue	7.83	-7.07	30.80	4.79	-8.15	13.87	-23.59	40.14	-68.30
Revenue (%)
Operating Cash Flow	-291.20	15.61	18.50	9.32	75.08	-127.74	217.34	-369.79	629.16
Operating Cash Flow (%)
Capital Expenditure	-	-	-	-	-	-	-	-	-
Capital Expenditure (%)
Free Cash Flow	-	-	-	-	75.08	-127.74	217.34	-369.79	629.16

Weighted Average Cost Of Capital

Share price	$ 12.52
Beta	0.000
Diluted Shares Outstanding	13.51
Cost of Debt
Tax Rate	-1.63
After-tax Cost of Debt	2.37%
Risk-Free Rate
Market Risk Premium
Cost of Equity	3.745
Total Debt	29.50
Total Equity	169.15
Total Capital	198.65
Debt Weighting	14.85
Equity Weighting	85.15
Wacc

Build Up Free Cash Flow

Year A/P	2019 Actual	2020 Actual	2021 Actual	2022 Actual	2023 Projected	2024 Projected	2025 Projected	2026 Projected	2027 Projected
Revenue	7.83	-7.07	30.80	4.79	-8.15	13.87	-23.59	40.14	-68.30
Operating Cash Flow	-291.20	15.61	18.50	9.32	75.08	-127.74	217.34	-369.79	629.16
Capital Expenditure	-	-	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	75.08	-127.74	217.34	-369.79	629.16
WACC
PV LFCF					75.08	-123.37	202.73	-333.14	547.43
SUM PV LFCF									356.12

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%)	3.54
Free cash flow (t + 1)	641.74
Terminal Value	41,671.44
Present Value of Terminal Value	35,018.51

Intrinsic Value

Enterprise Value	35,374.63
Net Debt	29.46
Equity Value	35,345.17
Shares Outstanding	13.51
Equity Value Per Share	2,616.09