Discounted Cash Flow (DCF) Analysis Unlevered

Eaton Vance Tax-Managed Buy-Write I... (ETB)

$14.31

-0.31 (-2.12%)
All numbers are in Millions, Currency in USD
Stock DCF: - | 14.31 | 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 53.91-27.0667.2817.1385.5848.4227.3915.508.774.96
Revenue (%)
EBITDA 53.45-27.5266.8316.6985.1348.1427.2315.418.724.93
EBITDA (%)
EBIT ---16.6985.1348.1427.2315.418.724.93
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 0.181.851.030.722.050.160.090.050.030.02
Total Cash (%)
Account Receivables 0.960.872.170.410.780.490.280.160.090.05
Account Receivables (%)
Inventories ----------
Inventories (%)
Accounts Payable 0.350.330.34-0-0.01-0.01-0-0-0-0
Accounts Payable (%)
Capital Expenditure ----------
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 14.31
Beta 0.858
Diluted Shares Outstanding 26.56
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt -%
Risk-Free Rate
Market Risk Premium
Cost of Equity 7.748
Total Debt -
Total Equity 380.11
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 53.91-27.0667.2817.1385.5848.4227.3915.508.774.96
EBITDA 53.45-27.5266.8316.6985.1348.1427.2315.418.724.93
EBIT ---16.6985.1348.1427.2315.418.724.93
Tax Rate 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
EBIAT ---16.6985.1348.1427.2315.418.724.93
Depreciation ----------
Accounts Receivable -0.09-1.301.76-0.380.290.210.120.070.04
Inventories ----------
Accounts Payable --0.030.02-0.35-0.010.010000
Capital Expenditure ----------
UFCF ---18.1184.7548.4327.4515.538.794.97
WACC
PV UFCF -----
SUM PV UFCF -

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) -
Free cash flow (t + 1) 5.07
Terminal Value -
Present Value of Terminal Value -

Intrinsic Value

Enterprise Value -
Net Debt -2.05
Equity Value -
Shares Outstanding 26.56
Equity Value Per Share -