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 | - |