Discounted Cash Flow (DCF) Analysis Unlevered
Templeton Global Income Fund (GIM)
$4.1
+0.03 (+0.74%)
All numbers are in Millions, Currency in USD
Operating Data
Year A/P | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected |
| Revenue | 19.84 | 15.57 | -56.18 | -36.14 | -38.34 | 10.72 | -3 | 0.84 | -0.23 | 0.07 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| EBITDA | 19.16 | 15.32 | -56.71 | -38.81 | -40.02 | 10.88 | -3.04 | 0.85 | -0.24 | 0.07 |
| EBITDA (%) | ||||||||||
| EBIT | - | - | -56.71 | -38.81 | -40.02 | 10.88 | -3.04 | 0.85 | -0.24 | 0.07 |
| EBIT (%) | ||||||||||
| Depreciation | - | - | - | - | - | - | - | - | - | - |
| Depreciation (%) |
Balance Sheet Data
Year A/P | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected |
| Total Cash | 34.66 | 27.21 | -98.15 | -63.14 | -66.97 | 18.72 | -5.23 | 1.46 | -0.41 | 0.11 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Cash (%) | ||||||||||
| Account Receivables | 9.81 | 9.21 | 4.89 | 7.79 | 7.69 | 1.25 | -0.35 | 0.10 | -0.03 | 0.01 |
| Account Receivables (%) | ||||||||||
| Inventories | - | - | - | - | - | - | - | - | - | - |
| Inventories (%) | ||||||||||
| Accounts Payable | - | - | 0.13 | 16.53 | 2.20 | -1.85 | 0.52 | -0.14 | 0.04 | -0.01 |
| Accounts Payable (%) | ||||||||||
| Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
| Capital Expenditure (%) |
Weighted Average Cost Of Capital
| Share price | $ 4.1 |
|---|---|
| Beta | 0.359 |
| Diluted Shares Outstanding | 129.36 |
| Cost of Debt | |
| Tax Rate | 0.00 |
| After-tax Cost of Debt | -% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 5.303 |
| Total Debt | - |
| Total Equity | 530.36 |
| Total Capital | - |
| Debt Weighting | - |
| Equity Weighting | - |
| Wacc |
Build Up Free Cash
Year A/P | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Actual | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected | 2027 Projected |
| Revenue | 19.84 | 15.57 | -56.18 | -36.14 | -38.34 | 10.72 | -3 | 0.84 | -0.23 | 0.07 |
|---|---|---|---|---|---|---|---|---|---|---|
| EBITDA | 19.16 | 15.32 | -56.71 | -38.81 | -40.02 | 10.88 | -3.04 | 0.85 | -0.24 | 0.07 |
| EBIT | - | - | -56.71 | -38.81 | -40.02 | 10.88 | -3.04 | 0.85 | -0.24 | 0.07 |
| Tax Rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| EBIAT | - | - | -56.71 | -38.81 | -40.02 | 10.88 | -3.04 | 0.85 | -0.24 | 0.07 |
| Depreciation | - | - | - | - | - | - | - | - | - | - |
| Accounts Receivable | - | 0.60 | 4.32 | -2.91 | 0.10 | 6.45 | 1.60 | -0.45 | 0.12 | -0.03 |
| Inventories | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | 16.40 | -14.32 | -4.05 | 2.36 | -0.66 | 0.18 | -0.05 |
| Capital Expenditure | - | - | - | - | - | - | - | - | - | - |
| UFCF | - | - | -52.39 | -25.32 | -54.24 | 13.28 | 0.92 | -0.26 | 0.07 | -0.02 |
| WACC | ||||||||||
| PV UFCF | - | - | - | - | - | |||||
| SUM PV UFCF | - |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | - |
| Free cash flow (t + 1) | -0.02 |
| Terminal Value | - |
| Present Value of Terminal Value | - |
Intrinsic Value
| Enterprise Value | - |
|---|---|
| Net Debt | -0.01 |
| Equity Value | - |
| Shares Outstanding | 129.36 |
| Equity Value Per Share | - |