Discounted Cash Flow (DCF) Analysis Unlevered

Marine Petroleum Trust (MARPS)

$7.619

-0.26 (-3.31%)
All numbers are in Millions, Currency in USD
Stock DCF: - | 7.619 | undervalue

Operating Data

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
Revenue 0.870.860.790.390.310.250.200.160.120.10
Revenue (%)
EBITDA 0.660.630.570.160.200.160.130.100.080.07
EBITDA (%)
EBIT ----0.200.160.130.100.080.07
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 0.980.970.930.901.150.470.370.300.240.19
Total Cash (%)
Account Receivables 0000000000
Account Receivables (%)
Inventories ----------
Inventories (%)
Accounts Payable ----------
Accounts Payable (%)
Capital Expenditure ----------
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 7.619
Beta 0.550
Diluted Shares Outstanding 2
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt -%
Risk-Free Rate
Market Risk Premium
Cost of Equity 6.399
Total Debt -
Total Equity 15.24
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
2027
Projected
Revenue 0.870.860.790.390.310.250.200.160.120.10
EBITDA 0.660.630.570.160.200.160.130.100.080.07
EBIT ----0.200.160.130.100.080.07
Tax Rate 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
EBIAT ----0.200.160.130.100.080.07
Depreciation ----------
Accounts Receivable --000000000
Inventories ----------
Accounts Payable ----------
Capital Expenditure ----------
UFCF ----0.200.160.130.100.080.07
WACC
PV UFCF 0.20-----
SUM PV UFCF -

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) -
Free cash flow (t + 1) 0.07
Terminal Value -
Present Value of Terminal Value -

Intrinsic Value

Enterprise Value -
Net Debt -1.15
Equity Value -
Shares Outstanding 2
Equity Value Per Share -