Discounted Cash Flow (DCF) Analysis Unlevered

Eagle Point Income Company Inc. (EIC)

$16.93

-0.36 (-2.08%)
All numbers are in Millions, Currency in USD
Stock DCF: -1,121,954.38 | 16.93 | overvalue

Operating Data

Year
A/P
2018
Actual
2019
Actual
2020
Projected
2021
Projected
2022
Projected
2023
Projected
2024
Projected
Revenue 1.328.3452.79334.252,116.5413,402.3684,866.28
Revenue (%)
EBITDA -11.628.37-206.48-1,307.45-8,279.03-52,424.37-331,961.17
EBITDA (%)
EBIT ---206.48-1,307.45-8,279.03-52,424.37-331,961.17
EBIT (%)
Depreciation -------
Depreciation (%)

Balance Sheet Data

Year
A/P
2018
Actual
2019
Actual
2020
Projected
2021
Projected
2022
Projected
2023
Projected
2024
Projected
Total Cash 0.090.202.4015.1796.09608.443,852.76
Total Cash (%)
Account Receivables -------
Account Receivables (%)
Inventories -------
Inventories (%)
Accounts Payable -0.372.3514.9194.41597.823,785.53
Accounts Payable (%)
Capital Expenditure -------
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 16.93
Beta 0.621
Diluted Shares Outstanding 6.02
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt 6.85%
Risk-Free Rate
Market Risk Premium
Cost of Equity 5.773
Total Debt 13.68
Total Equity 101.89
Total Capital 115.56
Debt Weighting 11.83
Equity Weighting 88.17
Wacc

Build Up Free Cash

Year
A/P
2018
Actual
2019
Actual
2020
Projected
2021
Projected
2022
Projected
2023
Projected
2024
Projected
Revenue 1.328.3452.79334.252,116.5413,402.3684,866.28
EBITDA -11.628.37-206.48-1,307.45-8,279.03-52,424.37-331,961.17
EBIT ---206.48-1,307.45-8,279.03-52,424.37-331,961.17
Tax Rate 0.00%0.00%0.00%0.00%0.00%0.00%0.00%
EBIAT ---206.48-1,307.45-8,279.03-52,424.37-331,961.17
Depreciation -------
Accounts Receivable -------
Inventories -------
Accounts Payable --1.9812.5579.50503.413,187.70
Capital Expenditure -------
UFCF ---204.49-1,294.90-8,199.53-51,920.96-328,773.47
WACC
PV UFCF -229.34-1,371.29-8,199.53-49,028.29-293,160.09
SUM PV UFCF -296,374.37

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 5.90
Free cash flow (t + 1) -335,348.94
Terminal Value -8,598,690.69
Present Value of Terminal Value -6,455,836.55

Intrinsic Value

Enterprise Value -6,752,210.92
Net Debt 13.48
Equity Value -6,752,224.40
Shares Outstanding 6.02
Equity Value Per Share -1,121,954.38