Discounted Cash Flow (DCF) Analysis Unlevered

Western Asset Mortgage Opportunity ... (DMO)

$10.98

+0.01 (+0.09%)
All numbers are in Millions, Currency in USD
Stock DCF: -4.67 | 10.98 | overvalue

Operating Data

Year
A/P
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
Revenue 40.7920.2623.44-29.66-3.84-0.50-0.06-0.01-0
Revenue (%)
EBITDA 42.2322.7525.95-28.21-4.04-0.52-0.07-0.01-0
EBITDA (%)
EBIT -----4.04-0.52-0.07-0.01-0
EBIT (%)
Depreciation ---------
Depreciation (%)

Balance Sheet Data

Year
A/P
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
Total Cash -0.010.01-0.01-0-0-0-0-0
Total Cash (%)
Account Receivables 1.501.271.170.72-0.12-0.02-0-0-0
Account Receivables (%)
Inventories ---------
Inventories (%)
Accounts Payable 5.2315.770.230.09-0.88-0.11-0.01-0-0
Accounts Payable (%)
Capital Expenditure ---------
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 10.98
Beta 0.580
Diluted Shares Outstanding 10.44
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt 3.60%
Risk-Free Rate
Market Risk Premium
Cost of Equity 6.242
Total Debt 45
Total Equity 114.67
Total Capital 159.67
Debt Weighting 28.18
Equity Weighting 71.82
Wacc

Build Up Free Cash

Year
A/P
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
Revenue 40.7920.2623.44-29.66-3.84-0.50-0.06-0.01-0
EBITDA 42.2322.7525.95-28.21-4.04-0.52-0.07-0.01-0
EBIT -----4.04-0.52-0.07-0.01-0
Tax Rate 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
EBIAT -----4.04-0.52-0.07-0.01-0
Depreciation ---------
Accounts Receivable -0.230.100.450.84-0.10-0.01-0-0
Inventories ---------
Accounts Payable -10.54-15.54-0.14-0.970.760.100.010
Capital Expenditure ---------
UFCF -----4.170.140.0200
WACC
PV UFCF -4.170.130.0200
SUM PV UFCF -3.82

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 5.50
Free cash flow (t + 1) 0
Terminal Value 0.01
Present Value of Terminal Value 0.01

Intrinsic Value

Enterprise Value -3.81
Net Debt 44.91
Equity Value -48.72
Shares Outstanding 10.44
Equity Value Per Share -4.67