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
Stock DCF: - | 21.18 | undervalue

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 -