Discounted Cash Flow (DCF) Analysis Levered

Wheeler Real Estate Investment Trus... (WHLRD)

$10.8001

+0.03 (+0.28%)
All numbers are in Millions, Currency in USD
Stock DCF: -153.81 | 10.8001 | overvalue

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 58.5365.7163.166161.3162.156363.8664.7365.61
Revenue (%)
Operating Cash Flow 24.762215.2515.7817.0419.0919.3519.6219.8820.16
Operating Cash Flow (%)
Capital Expenditure -7.37-5.57-2.71-2.27-6.41-4.91-4.98-5.05-5.12-5.19
Capital Expenditure (%)
Free Cash Flow 17.3916.4412.5413.5110.6314.1814.3714.5714.7714.97

Weighted Average Cost Of Capital

Share price $ 10.8,001
Beta 2.587
Diluted Shares Outstanding 0.93
Cost of Debt
Tax Rate -1.01
After-tax Cost of Debt 9.54%
Risk-Free Rate
Market Risk Premium
Cost of Equity 15.775
Total Debt 346.32
Total Equity 10.08
Total Capital 356.40
Debt Weighting 97.17
Equity Weighting 2.83
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 58.5365.7163.166161.3162.156363.8664.7365.61
Operating Cash Flow 24.762215.2515.7817.0419.0919.3519.6219.8820.16
Capital Expenditure -7.37-5.57-2.71-2.27-6.41-4.91-4.98-5.05-5.12-5.19
Free Cash Flow 17.3916.4412.5413.5110.6314.1814.3714.5714.7714.97
WACC
PV LFCF 12.9211.9411.0310.199.41
SUM PV LFCF 55.49

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 9.72
Free cash flow (t + 1) 15.27
Terminal Value 197.77
Present Value of Terminal Value 124.38

Intrinsic Value

Enterprise Value 179.87
Net Debt 323.43
Equity Value -143.56
Shares Outstanding 0.93
Equity Value Per Share -153.81