Discounted Cash Flow (DCF) Analysis Unlevered

Mesabi Trust (MSB)

$21.51

+0.28 (+1.32%)
All numbers are in Millions, Currency in USD
Stock DCF: - | 21.51 | undervalue

Operating Data

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
Revenue 34.4847.0331.7125.9270.9499.19138.69193.92271.15379.14
Revenue (%)
EBITDA 33.5045.5630.0623.4169.2294.57132.23184.89258.52361.48
EBITDA (%)
EBIT -----94.57132.23184.89258.52361.48
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 24.113323.5122.4147.7373102.08142.73199.57279.05
Total Cash (%)
Account Receivables 1.962.400.070.436.064.205.878.2111.4916.06
Account Receivables (%)
Inventories ----------
Inventories (%)
Accounts Payable ----------
Accounts Payable (%)
Capital Expenditure ----------
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 21.51
Beta 0.911
Diluted Shares Outstanding 13.12
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt -%
Risk-Free Rate
Market Risk Premium
Cost of Equity 8.103
Total Debt -
Total Equity 282.21
Total Capital -
Debt Weighting -
Equity Weighting -
Wacc

Build Up Free Cash

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
Revenue 34.4847.0331.7125.9270.9499.19138.69193.92271.15379.14
EBITDA 33.5045.5630.0623.4169.2294.57132.23184.89258.52361.48
EBIT -----94.57132.23184.89258.52361.48
Tax Rate 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
EBIAT -----94.57132.23184.89258.52361.48
Depreciation ----------
Accounts Receivable --0.442.33-0.36-5.641.86-1.67-2.34-3.27-4.57
Inventories ----------
Accounts Payable ----------
Capital Expenditure ----------
UFCF -----96.43130.56182.55255.25356.91
WACC
PV UFCF -----
SUM PV UFCF -

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) -
Free cash flow (t + 1) 364.04
Terminal Value -
Present Value of Terminal Value -

Intrinsic Value

Enterprise Value -
Net Debt -47.73
Equity Value -
Shares Outstanding 13.12
Equity Value Per Share -