Discounted Cash Flow (DCF) Analysis Unlevered

BlackRock Enhanced Global Dividend ... (BOE)

$10.3

+0.02 (+0.19%)
All numbers are in Millions, Currency in USD
Stock DCF: -0.26 | 10.3 | overvalue

Operating Data

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
Revenue -90.34131.4042.86119.89-108.58-20.71-3.95-0.75-0.14-0.03
Revenue (%)
EBITDA -91.29130.8142.57120.10-108.68-20.72-3.95-0.75-0.14-0.03
EBITDA (%)
EBIT ------20.72-3.95-0.75-0.14-0.03
EBIT (%)
Depreciation ----------
Depreciation (%)

Balance Sheet Data

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
Total Cash -1.510.010.0611.600.490.090.0200
Total Cash (%)
Account Receivables 3.304.272.381.601.71-0.20-0.04-0.01-0-0
Account Receivables (%)
Inventories ---12.920-1.12-0.21-0.04-0.01-0
Inventories (%)
Accounts Payable 0.200.140.150.140.14-0.01-0-0-0-0
Accounts Payable (%)
Capital Expenditure ----------
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 10.3
Beta 0.903
Diluted Shares Outstanding 65.08
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt 5.00%
Risk-Free Rate
Market Risk Premium
Cost of Equity 8.472
Total Debt -
Total Equity 670.31
Total Capital 670.31
Debt Weighting 0.00
Equity Weighting 100.00
Wacc

Build Up Free Cash

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
Revenue -90.34131.4042.86119.89-108.58-20.71-3.95-0.75-0.14-0.03
EBITDA -91.29130.8142.57120.10-108.68-20.72-3.95-0.75-0.14-0.03
EBIT ------20.72-3.95-0.75-0.14-0.03
Tax Rate 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
EBIAT ------20.72-3.95-0.75-0.14-0.03
Depreciation ----------
Accounts Receivable --0.971.890.79-0.111.91-0.16-0.03-0.01-0
Inventories ----12.921.12-0.90-0.17-0.03-0.01
Accounts Payable --0.050-0.01-0.01-0.150.01000
Capital Expenditure ----------
UFCF ------17.84-5.01-0.96-0.18-0.03
WACC
PV UFCF -16.45-4.26-0.75-0.13-0.02
SUM PV UFCF -21.61

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 8.47
Free cash flow (t + 1) -0.04
Terminal Value -0.55
Present Value of Terminal Value -0.37

Intrinsic Value

Enterprise Value -21.98
Net Debt -4.95
Equity Value -17.02
Shares Outstanding 65.08
Equity Value Per Share -0.26