Discounted Cash Flow (DCF) Analysis Unlevered
Navient Corporation SR NT 6% 121543 (JSM)
$21.18
+0.26 (+1.24%)
All numbers are in Millions, Currency in USD
Operating Data
Year A/P | 2021 Actual | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected |
| Revenue | 2,648 | - | - | - | - | - |
|---|---|---|---|---|---|---|
| Revenue (%) | ||||||
| EBITDA | 2,282 | - | - | - | - | - |
| EBITDA (%) | ||||||
| EBIT | 2,252 | - | - | - | - | - |
| EBIT (%) | ||||||
| Depreciation | 30 | - | - | - | - | - |
| Depreciation (%) |
Balance Sheet Data
Year A/P | 2021 Actual | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected |
| Total Cash | 1,172 | - | - | - | - | - |
|---|---|---|---|---|---|---|
| Total Cash (%) | ||||||
| Account Receivables | - | - | - | - | - | - |
| Account Receivables (%) | ||||||
| Inventories | - | - | - | - | - | - |
| Inventories (%) | ||||||
| Accounts Payable | - | - | - | - | - | - |
| Accounts Payable (%) | ||||||
| Capital Expenditure | - | - | - | - | - | - |
| Capital Expenditure (%) |
Weighted Average Cost Of Capital
| Share price | $ 21.18 |
|---|---|
| Beta | 1.022 |
| Diluted Shares Outstanding | 274.10 |
| Cost of Debt | |
| Tax Rate | 23.40 |
| After-tax Cost of Debt | 1.31% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 8.220 |
| Total Debt | 76,978 |
| Total Equity | 5,805.52 |
| Total Capital | 82,783.52 |
| Debt Weighting | 92.99 |
| Equity Weighting | 7.01 |
| Wacc |
Build Up Free Cash
Year A/P | 2021 Actual | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected |
| Revenue | 2,648 | - | - | - | - | - |
|---|---|---|---|---|---|---|
| EBITDA | 2,282 | - | - | - | - | - |
| EBIT | 2,252 | - | - | - | - | - |
| Tax Rate | 23.40% | 23.40% | 23.40% | 23.40% | 23.40% | 23.40% |
| EBIAT | 1,725.09 | - | - | - | - | - |
| Depreciation | 30 | - | - | - | - | - |
| Accounts Receivable | - | - | - | - | - | - |
| Inventories | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - |
| Capital Expenditure | - | - | - | - | - | - |
| UFCF | - | - | - | - | - | - |
| WACC | ||||||
| PV UFCF | - | - | - | - | - | |
| SUM PV UFCF | - |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 1.79 |
| Free cash flow (t + 1) | - |
| Terminal Value | - |
| Present Value of Terminal Value | - |
Intrinsic Value
| Enterprise Value | - |
|---|---|
| Net Debt | 76,073 |
| Equity Value | - |
| Shares Outstanding | 274.10 |
| Equity Value Per Share | - |