Discounted Cash Flow (DCF) Analysis Unlevered

Invesco High Income 2023 Target Ter... (IHIT)

$8.52

+0.06 (+0.71%)
All numbers are in Millions, Currency in USD
Stock DCF: - | 8.52 | undervalue

Operating Data

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 14.1620.7124.47-20.56-12.36-7.43-4.47-2.69-1.62
Revenue (%)
EBITDA 16.1423.4426.96-19.46-13.35-8.03-4.83-2.90-1.75
EBITDA (%)
EBIT -----13.35-8.03-4.83-2.90-1.75
EBIT (%)
Depreciation ---------
Depreciation (%)

Balance Sheet Data

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Total Cash -0.560.580.12-0.18-0.11-0.07-0.04-0.02
Total Cash (%)
Account Receivables 1.521.662.781.43-0.72-0.43-0.26-0.16-0.09
Account Receivables (%)
Inventories ---------
Inventories (%)
Accounts Payable 0.120.110.090.10-0.04-0.02-0.01-0.01-0.01
Accounts Payable (%)
Capital Expenditure ---------
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 8.52
Beta 0.233
Diluted Shares Outstanding 23.82
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt -%
Risk-Free Rate
Market Risk Premium
Cost of Equity 3.888
Total Debt -
Total Equity 202.91
Total Capital -
Debt Weighting -
Equity Weighting -
Wacc

Build Up Free Cash

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 14.1620.7124.47-20.56-12.36-7.43-4.47-2.69-1.62
EBITDA 16.1423.4426.96-19.46-13.35-8.03-4.83-2.90-1.75
EBIT -----13.35-8.03-4.83-2.90-1.75
Tax Rate 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
EBIAT -----13.35-8.03-4.83-2.90-1.75
Depreciation ---------
Accounts Receivable --0.13-1.131.352.15-0.29-0.17-0.10-0.06
Inventories ---------
Accounts Payable --0.01-0.030.02-0.140.020.010.010
Capital Expenditure ---------
UFCF -----11.34-8.30-4.99-3-1.80
WACC
PV UFCF -11.34----
SUM PV UFCF -

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) -
Free cash flow (t + 1) -1.84
Terminal Value -
Present Value of Terminal Value -

Intrinsic Value

Enterprise Value -
Net Debt -0.12
Equity Value -
Shares Outstanding 23.82
Equity Value Per Share -