Discounted Cash Flow (DCF) Analysis Unlevered

Mesabi Trust (MSB)

$17.15

-0.26 (-1.49%)
All numbers are in Millions, Currency in USD
Stock DCF: - | 17.15 | undervalue

Operating Data

Year
A/P
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Actual
2024
Projected
2025
Projected
2026
Projected
2027
Projected
2028
Projected
Revenue 47.2931.9925.9571.467.748.429.159.9510.8211.77
Revenue (%)
EBITDA -0.07-0.07-0.08-0.08-0.08-0.03-0.03-0.04-0.04-0.04
EBITDA (%)
EBIT ------0.03-0.03-0.04-0.04-0.04
EBIT (%)
Depreciation ----------
Depreciation (%)

Balance Sheet Data

Year
A/P
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Actual
2024
Projected
2025
Projected
2026
Projected
2027
Projected
2028
Projected
Total Cash 3323.5122.4147.7313.978.038.739.4910.3211.23
Total Cash (%)
Account Receivables 2.400.070.436.060.020.260.290.310.340.37
Account Receivables (%)
Inventories -23.5822.68014.097.227.858.549.2910.10
Inventories (%)
Accounts Payable ----------
Accounts Payable (%)
Capital Expenditure ----------
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 17.15
Beta 0.965
Diluted Shares Outstanding 13.12
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt 5.00%
Risk-Free Rate
Market Risk Premium
Cost of Equity 8.714
Total Debt -
Total Equity 225.01
Total Capital -
Debt Weighting -
Equity Weighting -
Wacc

Build Up Free Cash

Year
A/P
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Actual
2024
Projected
2025
Projected
2026
Projected
2027
Projected
2028
Projected
Revenue 47.2931.9925.9571.467.748.429.159.9510.8211.77
EBITDA -0.07-0.07-0.08-0.08-0.08-0.03-0.03-0.04-0.04-0.04
EBIT ------0.03-0.03-0.04-0.04-0.04
Tax Rate 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
EBIAT ------0.03-0.03-0.04-0.04-0.04
Depreciation ----------
Accounts Receivable -2.33-0.36-5.646.04-0.24-0.02-0.03-0.03-0.03
Inventories --0.9022.68-14.096.87-0.63-0.69-0.75-0.81
Accounts Payable ----------
Capital Expenditure ----------
UFCF -----6.60-0.69-0.75-0.81-0.88
WACC
PV UFCF -----
SUM PV UFCF -

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) -
Free cash flow (t + 1) -0.90
Terminal Value -
Present Value of Terminal Value -

Intrinsic Value

Enterprise Value -
Net Debt -13.97
Equity Value -
Shares Outstanding 13.12
Equity Value Per Share -