Discounted Cash Flow (DCF) Analysis Levered
Cohen & Steers Infrastructure Fund,... (UTF)
$25.59
+0.23 (+0.91%)
All numbers are in Millions, Currency in USD
Free Cash Flow
Year A/P | 2017 Actual | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected |
Revenue | 455.50 | -119.77 | 645.16 | -113.25 | 522.26 | -1,362.67 | 3,555.48 | -9,276.94 | 24,205.38 | -63,156.61 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 126.75 | 165.95 | 161.92 | 175.41 | 47.07 | 630.94 | -1,646.26 | 4,295.42 | -11,207.59 | 29,242.82 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | - | - | - | - | - | 630.94 | -1,646.26 | 4,295.42 | -11,207.59 | 29,242.82 |
Weighted Average Cost Of Capital
Share price | $ 25.59 |
---|---|
Beta | 1.013 |
Diluted Shares Outstanding | 94.01 |
Cost of Debt | |
Tax Rate | 0.00 |
After-tax Cost of Debt | 2.25% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 8.297 |
Total Debt | 950 |
Total Equity | 2,405.75 |
Total Capital | 3,355.75 |
Debt Weighting | 28.31 |
Equity Weighting | 71.69 |
Wacc |
Build Up Free Cash Flow
Year A/P | 2017 Actual | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected |
Revenue | 455.50 | -119.77 | 645.16 | -113.25 | 522.26 | -1,362.67 | 3,555.48 | -9,276.94 | 24,205.38 | -63,156.61 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 126.75 | 165.95 | 161.92 | 175.41 | 47.07 | 630.94 | -1,646.26 | 4,295.42 | -11,207.59 | 29,242.82 |
Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
Free Cash Flow | - | - | - | - | - | 630.94 | -1,646.26 | 4,295.42 | -11,207.59 | 29,242.82 |
WACC | ||||||||||
PV LFCF | 591.94 | -1,448.99 | 3,546.96 | -8,682.53 | 21,253.82 | |||||
SUM PV LFCF | 15,261.19 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 6.59 |
Free cash flow (t + 1) | 29,827.68 |
Terminal Value | 649,840.42 |
Present Value of Terminal Value | 472,307.03 |
Intrinsic Value
Enterprise Value | 487,568.22 |
---|---|
Net Debt | 949.56 |
Equity Value | 486,618.66 |
Shares Outstanding | 94.01 |
Equity Value Per Share | 5,176.17 |