Discounted Cash Flow (DCF) Analysis Unlevered

Nuveen Short Duration Credit Opport... (JSD)

$11.6

+0.10 (+0.87%)
All numbers are in Millions, Currency in USD
Stock DCF: 1,925.75 | 11.6 | 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 11.912.36-1826.30-4.079.21-20.8047-106.20239.96
Revenue (%)
EBITDA 11.512.11-18.5425-4.329.02-20.3946.07-104.10235.22
EBITDA (%)
EBIT -----9.02-20.3946.07-104.10235.22
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 00-00-00-00-00
Total Cash (%)
Account Receivables 4.733.574.7510.378.210.05-0.100.23-0.531.20
Account Receivables (%)
Inventories ----------
Inventories (%)
Accounts Payable 9.3512.5610.5916.2711.246.21-14.0431.71-71.65161.90
Accounts Payable (%)
Capital Expenditure ----------
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 11.6
Beta 0.000
Diluted Shares Outstanding 10.10
Cost of Debt
Tax Rate -66.23
After-tax Cost of Debt 4.16%
Risk-Free Rate
Market Risk Premium
Cost of Equity 4.159
Total Debt 18.35
Total Equity 117.16
Total Capital 135.51
Debt Weighting 13.54
Equity Weighting 86.46
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 11.912.36-1826.30-4.079.21-20.8047-106.20239.96
EBITDA 11.512.11-18.5425-4.329.02-20.3946.07-104.10235.22
EBIT -----9.02-20.3946.07-104.10235.22
Tax Rate 0.00%0.00%0.00%0.00%-66.23%-13.25%-13.25%-13.25%-13.25%-13.25%
EBIAT -----10.22-23.0952.18-117.89266.38
Depreciation ----------
Accounts Receivable -1.16-1.18-5.622.168.170.15-0.340.76-1.72
Inventories ----------
Accounts Payable -3.21-1.975.68-5.03-5.03-20.2545.75-103.37233.56
Capital Expenditure ----------
UFCF -----13.35-43.1997.59-220.50498.21
WACC
PV UFCF 12.82-39.8186.36-187.33406.36
SUM PV UFCF 278.40

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 4.16
Free cash flow (t + 1) 508.18
Terminal Value 23,526.73
Present Value of Terminal Value 19,189.19

Intrinsic Value

Enterprise Value 19,467.59
Net Debt 18
Equity Value 19,449.60
Shares Outstanding 10.10
Equity Value Per Share 1,925.75