Discounted Cash Flow (DCF) Analysis Unlevered

BP Prudhoe Bay Royalty Trust (BPT)

$11.56

+0.69 (+6.35%)
All numbers are in Millions, Currency in USD
Stock DCF: - | 11.56 | undervalue

Operating Data

Year
A/P
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 78.19114.3748.979.279.427.295.644.373.382.62
Revenue (%)
EBITDA 77.04113.2847.928.137.816.795.264.073.152.44
EBITDA (%)
EBIT -----6.795.264.073.152.44
EBIT (%)
Depreciation ----------
Depreciation (%)

Balance Sheet Data

Year
A/P
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Total Cash 1.011.031.150.2761.040.800.620.480.37
Total Cash (%)
Account Receivables ----------
Account Receivables (%)
Inventories ----------
Inventories (%)
Accounts Payable ----------
Accounts Payable (%)
Capital Expenditure ----------
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 11.56
Beta 0.037
Diluted Shares Outstanding 21.40
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt -%
Risk-Free Rate
Market Risk Premium
Cost of Equity 4.139
Total Debt -
Total Equity 247.38
Total Capital -
Debt Weighting -
Equity Weighting -
Wacc

Build Up Free Cash

Year
A/P
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 78.19114.3748.979.279.427.295.644.373.382.62
EBITDA 77.04113.2847.928.137.816.795.264.073.152.44
EBIT -----6.795.264.073.152.44
Tax Rate 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
EBIAT -----6.795.264.073.152.44
Depreciation ----------
Accounts Receivable ----------
Inventories ----------
Accounts Payable ----------
Capital Expenditure ----------
UFCF -----6.795.264.073.152.44
WACC
PV UFCF -----
SUM PV UFCF -

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) -
Free cash flow (t + 1) 2.49
Terminal Value -
Present Value of Terminal Value -

Intrinsic Value

Enterprise Value -
Net Debt -6
Equity Value -
Shares Outstanding 21.40
Equity Value Per Share -