Discounted Cash Flow (DCF) Analysis Unlevered

Virtus Equity & Convertible Income ... (NIE)

$20.7

-0.30 (-1.43%)
All numbers are in Millions, Currency in USD
Stock DCF: - | 20.7 | 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 124.85-11.96107.90209.4275.64-128.91219.68-374.38638.01-1,087.28
Revenue (%)
EBITDA 124.45-12.81107.45208.9274.53-130.11221.73-377.87643.95-1,097.41
EBITDA (%)
EBIT ---208.9274.53-130.11221.73-377.87643.95-1,097.41
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 0.426.8700.580.1014.62-24.9142.45-72.35123.30
Total Cash (%)
Account Receivables 7.309.938.899.861.0616.19-27.6047.03-80.15136.60
Account Receivables (%)
Inventories ----------
Inventories (%)
Accounts Payable 1.559.207.449.402.8015.63-26.6345.38-77.34131.80
Accounts Payable (%)
Capital Expenditure ----------
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 20.7
Beta 1.024
Diluted Shares Outstanding 27.71
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt -%
Risk-Free Rate
Market Risk Premium
Cost of Equity 8.529
Total Debt -
Total Equity 573.55
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 124.85-11.96107.90209.4275.64-128.91219.68-374.38638.01-1,087.28
EBITDA 124.45-12.81107.45208.9274.53-130.11221.73-377.87643.95-1,097.41
EBIT ---208.9274.53-130.11221.73-377.87643.95-1,097.41
Tax Rate 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
EBIAT ---208.9274.53-130.11221.73-377.87643.95-1,097.41
Depreciation ----------
Accounts Receivable --2.631.03-0.978.80-15.1443.79-74.63127.19-216.75
Inventories ----------
Accounts Payable -7.65-1.761.97-6.6012.83-42.2672.01-122.72209.14
Capital Expenditure ----------
UFCF ---209.9176.73-132.42223.27-380.49648.42-1,105.02
WACC
PV UFCF -----
SUM PV UFCF -

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) -
Free cash flow (t + 1) -1,127.12
Terminal Value -
Present Value of Terminal Value -

Intrinsic Value

Enterprise Value -
Net Debt -0.10
Equity Value -
Shares Outstanding 27.71
Equity Value Per Share -