Discounted Cash Flow (DCF) Analysis Unlevered

BlackRock MuniYield Michigan Qualit... (MIY)

$12.45

-0.10 (-0.80%)
All numbers are in Millions, Currency in USD
Stock DCF: - | 12.45 | undervalue

Operating Data

Year
A/P
2014
Actual
2015
Projected
2016
Projected
2017
Projected
2018
Projected
2019
Projected
2020
Projected
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
Revenue 36.46-----------
Revenue (%)
EBITDA 37.78-----------
EBITDA (%)
EBIT ------------
EBIT (%)
Depreciation ------------
Depreciation (%)

Balance Sheet Data

Year
A/P
2014
Actual
2015
Projected
2016
Projected
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
Total Cash ------------
Total Cash (%)
Account Receivables 5.14-----------
Account Receivables (%)
Inventories ------------
Inventories (%)
Accounts Payable 1.32-----------
Accounts Payable (%)
Capital Expenditure ------------
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 12.45
Beta 0.221
Diluted Shares Outstanding 29.58
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt 5.00%
Risk-Free Rate
Market Risk Premium
Cost of Equity 5.002
Total Debt -
Total Equity 368.21
Total Capital 368.21
Debt Weighting 0.00
Equity Weighting 100.00
Wacc

Build Up Free Cash

Year
A/P
2014
Actual
2015
Projected
2016
Projected
2017
Projected
2018
Projected
2019
Projected
2020
Projected
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
Revenue 36.46-----------
EBITDA 37.78-----------
EBIT ------------
Tax Rate 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
EBIAT ------------
Depreciation ------------
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 (%) 5.00
Free cash flow (t + 1) -
Terminal Value -
Present Value of Terminal Value -

Intrinsic Value

Enterprise Value -
Net Debt -
Equity Value -
Shares Outstanding 29.58
Equity Value Per Share -