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FCAL - First Trust Californ...

photo-url-https://images.financialmodelingprep.com/symbol/FCAL.png

First Trust California Municipal High Income ETF

FCAL

NASDAQ

The fund seeks to achieve its investment objectives by investing at least 80% of its net assets (including investment borrowings) in municipal debt securities that pay interest that is exempt from regular federal income taxes and California income taxes. It will invest no more than 50% of its net assets in Municipal Securities that are, at the time of investment, not investment grade, commonly referred to as "high yield" or "junk" bonds.

49.3 USD

0.2 (0.406%)

Operating Data

Year

2019

2020

2021

2022

2023

2024

2025

2026

2027

2028

Revenue

108.94B

103.56B

116.39B

121.43B

121.57B

125.19B

128.91B

132.74B

136.69B

140.76B

Revenue %

-

-4.94

12.38

4.33

0.12

2.97

2.97

2.97

2.97

Ebitda

34.08B

30.59B

34.62B

36.45B

38.9B

38.2B

39.34B

40.51B

41.71B

42.95B

Ebitda %

31.28

29.54

29.75

30.01

32

30.52

30.52

30.52

30.52

Ebit

21.13B

17.49B

20.82B

22.62B

24.57B

23.29B

23.98B

24.69B

25.43B

26.18B

Ebit %

19.39

16.89

17.89

18.63

20.21

18.6

18.6

18.6

18.6

Depreciation

12.95B

13.1B

13.8B

13.82B

14.34B

14.92B

15.36B

15.82B

16.29B

16.77B

Depreciation %

11.89

12.65

11.86

11.38

11.79

11.91

11.91

11.91

11.91

Balance Sheet

Year

2019

2020

2021

2022

2023

2024

2025

2026

2027

2028

Total Cash

5.5B

11.74B

8.71B

4.75B

6.21B

8.24B

8.48B

8.73B

8.99B

9.26B

Total Cash %

5.05

11.34

7.48

3.91

5.11

6.58

6.58

6.58

6.58

Receivables

11.29B

11.47B

12.01B

12.67B

13.81B

13.41B

13.81B

14.22B

14.64B

15.08B

Receivables %

10.37

11.07

10.32

10.44

11.36

10.71

10.71

10.71

10.71

Inventories

3.88B

-

-

-

-

891.03M

917.52M

944.81M

972.9M

1B

Inventories %

3.56

-

-

-

-

0.71

0.71

0.71

0.71

Payable

10.83B

11.36B

12.46B

12.54B

12.44B

13.06B

13.45B

13.85B

14.26B

14.69B

Payable %

9.94

10.97

10.7

10.33

10.23

10.43

10.43

10.43

10.43

Cap Ex

-12.43B

-11.63B

-12.06B

-13.77B

-15.54B

-14.3B

-14.73B

-15.16B

-15.62B

-16.08B

Cap Ex %

-11.41

-11.23

-10.36

-11.34

-12.78

-11.42

-11.42

-11.42

-11.42

Weighted Average Cost Of Capital

Price

36.58

Beta

Diluted Shares Outstanding

4.15B

Costof Debt

4.42

Tax Rate

After Tax Cost Of Debt

3.32

Risk Free Rate

Market Risk Premium

Cost Of Equity

Total Debt

97.09B

Total Equity

151.73B

Total Capital

248.82B

Debt Weighting

39.02

Equity Weighting

60.98

Wacc

6.82

Build Up Free Cash Flow

Year

2019

2020

2021

2022

2023

2024

2025

2026

2027

2028

Revenue

108.94B

103.56B

116.39B

121.43B

121.57B

125.19B

128.91B

132.74B

136.69B

140.76B

Ebitda

34.08B

30.59B

34.62B

36.45B

38.9B

38.2B

39.34B

40.51B

41.71B

42.95B

Ebit

21.13B

17.49B

20.82B

22.62B

24.57B

23.29B

23.98B

24.69B

25.43B

26.18B

Tax Rate

24.86

24.86

24.86

24.86

24.86

24.86

24.86

24.86

24.86

24.86

Ebiat

16.23B

13.1B

15.44B

13.09B

18.46B

16.71B

17.21B

17.72B

18.25B

18.79B

Depreciation

12.95B

13.1B

13.8B

13.82B

14.34B

14.92B

15.36B

15.82B

16.29B

16.77B

Receivables

11.29B

11.47B

12.01B

12.67B

13.81B

13.41B

13.81B

14.22B

14.64B

15.08B

Inventories

3.88B

-

-

-

-

891.03M

917.52M

944.81M

972.9M

1B

Payable

10.83B

11.36B

12.46B

12.54B

12.44B

13.06B

13.45B

13.85B

14.26B

14.69B

Cap Ex

-12.43B

-11.63B

-12.06B

-13.77B

-15.54B

-14.3B

-14.73B

-15.16B

-15.62B

-16.08B

Ufcf

12.41B

18.81B

17.73B

12.57B

16.01B

17.47B

17.81B

18.34B

18.88B

19.44B

Wacc

6.82

6.82

6.82

6.82

6.82

Pv Ufcf

16.35B

15.6B

15.04B

14.5B

13.98B

Sum Pv Ufcf

75.47B

Terminal Value

Growth In Perpetuity Method

Long Term Growth Rate

Wacc

6.82

Free Cash Flow T1

20.03B

Terminal Value

523.82B

Present Terminal Value

376.58B

Intrinsic Value

Enterprise Value

452.05B

Net Debt

90.88B

Equity Value

361.18B

Diluted Shares Outstanding

4.15B

Equity Value Per Share

87.07

Projected DCF

87.07 0.58%

DCF Levered

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