Discounted Cash Flow (DCF) Analysis Levered

True North Commercial Real Estate I... (TNT-UN.TO)

$3.33

-0.07 (-2.06%)
Financial Summary
Financial Statements
Quarter Financials
Chart
Financial Ratios
Profile
Historical Data
DCFDCF Levered
All numbers are in Millions, Currency in USD
Stock DCF: 185.37 | 3.33 | undervalue

Free Cash Flow

Year
A/P
2017
Actual
2018
Actual
2019
Actual
2020
Projected
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 56.0187.07106.46147.82205.25285395.74549.50763.011,059.47
Revenue (%)
Operating Cash Flow 30.3947.2457.7680.20111.36154.62214.70298.12413.95574.79
Operating Cash Flow (%)
Capital Expenditure ----------
Capital Expenditure (%)
Free Cash Flow -----154.62214.70298.12413.95574.79

Weighted Average Cost Of Capital

Share price $ 3.33
Beta 1.314
Diluted Shares Outstanding 86.35
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt 3.33%
Risk-Free Rate
Market Risk Premium
Cost of Equity 9.704
Total Debt 820.40
Total Equity 287.53
Total Capital 1,107.93
Debt Weighting 74.05
Equity Weighting 25.95
Wacc

Build Up Free Cash Flow

Year
A/P
2017
Actual
2018
Actual
2019
Actual
2020
Projected
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 56.0187.07106.46147.82205.25285395.74549.50763.011,059.47
Operating Cash Flow 30.3947.2457.7680.20111.36154.62214.70298.12413.95574.79
Capital Expenditure ----------
Free Cash Flow -----154.62214.70298.12413.95574.79
WACC
PV LFCF --147.29194.81257.67340.82450.79
SUM PV LFCF 1,391.38

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 4.98
Free cash flow (t + 1) 586.28
Terminal Value 19,673.98
Present Value of Terminal Value 15,429.77

Intrinsic Value

Enterprise Value 16,821.15
Net Debt 814.93
Equity Value 16,006.23
Shares Outstanding 86.35
Equity Value Per Share 185.37