Discounted Cash Flow (DCF) Analysis Levered
Invesco Trust for Investment Grade ... (VTN)
$9.11
+0.02 (+0.22%)
All numbers are in Millions, Currency in USD
Free Cash Flow
Year A/P | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Actual | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected | 2028 Projected |
Revenue | 8.80 | 33.97 | -4.97 | 0.70 | -29.33 | 281.67 | -2,705.04 | 25,978.26 | -249,486.36 | 2,395,982.18 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue (%) | ||||||||||
Operating Cash Flow | 26.36 | 11.23 | 22.42 | 31.64 | 27.37 | 2,432.30 | -23,359.03 | 224,332.17 | -2,154,409.86 | 20,690,219.57 |
Operating Cash Flow (%) | ||||||||||
Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
Capital Expenditure (%) | ||||||||||
Free Cash Flow | - | - | - | - | - | 2,432.30 | -23,359.03 | 224,332.17 | -2,154,409.86 | 20,690,219.57 |
Weighted Average Cost Of Capital
Share price | $ 9.11 |
---|---|
Beta | 0.459 |
Diluted Shares Outstanding | 19.44 |
Cost of Debt | |
Tax Rate | 0.00 |
After-tax Cost of Debt | 8.76% |
Risk-Free Rate | |
Market Risk Premium | |
Cost of Equity | 6.737 |
Total Debt | 42.17 |
Total Equity | 177.13 |
Total Capital | 219.31 |
Debt Weighting | 19.23 |
Equity Weighting | 80.77 |
Wacc |
Build Up Free Cash Flow
Year A/P | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Actual | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected | 2028 Projected |
Revenue | 8.80 | 33.97 | -4.97 | 0.70 | -29.33 | 281.67 | -2,705.04 | 25,978.26 | -249,486.36 | 2,395,982.18 |
---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | 26.36 | 11.23 | 22.42 | 31.64 | 27.37 | 2,432.30 | -23,359.03 | 224,332.17 | -2,154,409.86 | 20,690,219.57 |
Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
Free Cash Flow | - | - | - | - | - | 2,432.30 | -23,359.03 | 224,332.17 | -2,154,409.86 | 20,690,219.57 |
WACC | ||||||||||
PV LFCF | 2,270.42 | -20,353.19 | 182,456.04 | -1,635,625.64 | 14,662,552.33 | |||||
SUM PV LFCF | 13,191,299.96 |
Terminal Value
Growth in perpetuity method: | |
---|---|
Long-term growth rate | |
WACC (%) | 7.13 |
Free cash flow (t + 1) | 21,104,023.96 |
Terminal Value | 411,384,482.71 |
Present Value of Terminal Value | 291,536,128.13 |
Intrinsic Value
Enterprise Value | 304,727,428.09 |
---|---|
Net Debt | 40.74 |
Equity Value | 304,727,387.35 |
Shares Outstanding | 19.44 |
Equity Value Per Share | 15,672,110.46 |