Discounted Cash Flow (DCF) Analysis Levered

Invesco High Income Trust II (VLT)

$11.66

-0.02 (-0.17%)
Financial Summary
Financial Statements
Quarter Financials
Chart
Financial Ratios
Profile
Historical Data
DCFDCF Levered
All numbers are in Millions, Currency in USD
Stock DCF: 229.40 | 11.66 | undervalue

Free Cash Flow

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 5.235.105.328.119.5711.3013.3515.7618.61
Revenue (%)
Operating Cash Flow 1.319.1643.9716.0829.4234.7441.0248.4457.20
Operating Cash Flow (%)
Capital Expenditure ---------
Capital Expenditure (%)
Free Cash Flow ----29.4234.7441.0248.4457.20

Weighted Average Cost Of Capital

Share price $ 11.66
Beta 0.679
Diluted Shares Outstanding 7.81
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt 1.29%
Risk-Free Rate
Market Risk Premium
Cost of Equity 5.988
Total Debt 30.55
Total Equity 91.06
Total Capital 121.61
Debt Weighting 25.12
Equity Weighting 74.88
Wacc

Build Up Free Cash Flow

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 5.235.105.328.119.5711.3013.3515.7618.61
Operating Cash Flow 1.319.1643.9716.0829.4234.7441.0248.4457.20
Capital Expenditure ---------
Free Cash Flow ----29.4234.7441.0248.4457.20
WACC
PV LFCF 29.4233.1437.3442.0747.40
SUM PV LFCF 180.68

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 4.81
Free cash flow (t + 1) 58.34
Terminal Value 2,076.13
Present Value of Terminal Value 1,641.50

Intrinsic Value

Enterprise Value 1,822.18
Net Debt 30.55
Equity Value 1,791.63
Shares Outstanding 7.81
Equity Value Per Share 229.40