Discounted Cash Flow (DCF) Analysis Unlevered

Guggenheim Strategic Opportunities ... (GOF)

$13.91

+0.03 (+0.22%)
All numbers are in Millions, Currency in USD
Stock DCF: 88.27 | 13.91 | undervalue

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 19.37-27.27159.24-125.69-14.3128.34-56.13111.17-220.20436.16
Revenue (%)
EBITDA 18.51-28.34159.95-122.96-16.4629.06-57.56114.01-225.82447.29
EBITDA (%)
EBIT -----29.06-57.56114.01-225.82447.29
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 1.230.9923.933.42-1.312.59-5.1210.14-20.09
Total Cash (%)
Account Receivables 4.4812.67110.9853.9542.02-16.4532.59-64.55127.86-253.26
Account Receivables (%)
Inventories 8.45-11.9069.48-54.84-6.2412.36-24.4948.50-96.07190.30
Inventories (%)
Accounts Payable 11.4011.91107.6114.9917.21-2.815.56-11.0121.81-43.19
Accounts Payable (%)
Capital Expenditure ----------
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 13.91
Beta 0.000
Diluted Shares Outstanding 104.15
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt 6.06%
Risk-Free Rate
Market Risk Premium
Cost of Equity 4.285
Total Debt 343.85
Total Equity 1,448.72
Total Capital 1,792.56
Debt Weighting 19.18
Equity Weighting 80.82
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 19.37-27.27159.24-125.69-14.3128.34-56.13111.17-220.20436.16
EBITDA 18.51-28.34159.95-122.96-16.4629.06-57.56114.01-225.82447.29
EBIT -----29.06-57.56114.01-225.82447.29
Tax Rate 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
EBIAT -----29.06-57.56114.01-225.82447.29
Depreciation ----------
Accounts Receivable --8.19-98.3157.0311.9258.48-49.0497.14-192.41381.12
Inventories -20.35-81.38124.32-48.60-18.6036.85-72.99144.58-286.37
Accounts Payable -0.5195.70-92.622.22-20.028.36-16.5732.81-65
Capital Expenditure ----------
UFCF -----48.91-61.39121.59-240.84477.04
WACC
PV UFCF 46.75-56.07106.15-200.96380.43
SUM PV UFCF 276.30

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 4.63
Free cash flow (t + 1) 479.43
Terminal Value 11,608.42
Present Value of Terminal Value 9,257.46

Intrinsic Value

Enterprise Value 9,533.76
Net Debt 340.43
Equity Value 9,193.33
Shares Outstanding 104.15
Equity Value Per Share 88.27