Discounted Cash Flow (DCF) Analysis Unlevered

BNY Mellon Alcentra Global Credit I... (DCF)

$7.5986

+0.10 (+1.31%)
All numbers are in Millions, Currency in USD
Stock DCF: -3.39 | 7.5986 | overvalue

Operating Data

Year
A/P
2019
Actual
2020
Actual
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
Revenue 3.221.120.390.140.050.020.01
Revenue (%)
EBITDA 4.991.930.640.220.080.030.01
EBITDA (%)
EBIT --0.640.220.080.030.01
EBIT (%)
Depreciation -------
Depreciation (%)

Balance Sheet Data

Year
A/P
2019
Actual
2020
Actual
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
Total Cash 0.100.210.040.010.0100
Total Cash (%)
Account Receivables 2.295.641.120.390.140.050.02
Account Receivables (%)
Inventories -------
Inventories (%)
Accounts Payable 3.137.491.490.520.180.060.02
Accounts Payable (%)
Capital Expenditure -------
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 7.5,986
Beta 0.000
Diluted Shares Outstanding 14.96
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt 2.67%
Risk-Free Rate
Market Risk Premium
Cost of Equity 3.475
Total Debt 50
Total Equity 113.70
Total Capital 163.70
Debt Weighting 30.54
Equity Weighting 69.46
Wacc

Build Up Free Cash

Year
A/P
2019
Actual
2020
Actual
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
Revenue 3.221.120.390.140.050.020.01
EBITDA 4.991.930.640.220.080.030.01
EBIT --0.640.220.080.030.01
Tax Rate 0.00%0.00%0.00%0.00%0.00%0.00%0.00%
EBIAT --0.640.220.080.030.01
Depreciation -------
Accounts Receivable --3.354.520.730.250.090.03
Inventories -------
Accounts Payable -4.37-6-0.97-0.34-0.12-0.04
Capital Expenditure -------
UFCF ---0.84-0.02-0.01-0-0
WACC
PV UFCF -0.90-0.02-0.01-0-0
SUM PV UFCF -0.84

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 3.23
Free cash flow (t + 1) -0
Terminal Value -0.07
Present Value of Terminal Value -0.06

Intrinsic Value

Enterprise Value -0.91
Net Debt 49.79
Equity Value -50.70
Shares Outstanding 14.96
Equity Value Per Share -3.39