Discounted Cash Flow (DCF) Analysis Levered

Invesco Senior Income Trust (VVR)

$4.16

-0.01 (0.00%)
All numbers are in Millions, Currency in USD
Stock DCF: 2.02 | 4.16 | overvalue

Free Cash Flow

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
Revenue 28.9818.2436.3951.793.423.513.613.723.823.93
Revenue (%)
Operating Cash Flow 31.63225.45150.03-15.4248.0522.0222.6423.2823.9424.62
Operating Cash Flow (%)
Capital Expenditure ----------
Capital Expenditure (%)
Free Cash Flow -----22.0222.6423.2823.9424.62

Weighted Average Cost Of Capital

Share price $ 4.16
Beta 0.485
Diluted Shares Outstanding 153.03
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt 6.18%
Risk-Free Rate
Market Risk Premium
Cost of Equity 6.592
Total Debt 201
Total Equity 636.61
Total Capital 837.61
Debt Weighting 24.00
Equity Weighting 76.00
Wacc

Build Up Free Cash Flow

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
Revenue 28.9818.2436.3951.793.423.513.613.723.823.93
Operating Cash Flow 31.63225.45150.03-15.4248.0522.0222.6423.2823.9424.62
Capital Expenditure ----------
Free Cash Flow -----22.0222.6423.2823.9424.62
WACC
PV LFCF 20.6819.9719.2818.6217.98
SUM PV LFCF 96.52

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 6.49
Free cash flow (t + 1) 25.11
Terminal Value 559.31
Present Value of Terminal Value 408.42

Intrinsic Value

Enterprise Value 504.94
Net Debt 196.09
Equity Value 308.86
Shares Outstanding 153.03
Equity Value Per Share 2.02