Discounted Cash Flow (DCF) Analysis Unlevered

Nuveen Intermediate Duration Qualit... (NIQ)

$12.72

-0.03 (-0.24%)
All numbers are in Millions, Currency in USD
Stock DCF: -1,531.44 | 12.72 | overvalue

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 2.4213.425.8714.11-13.09-24.41-45.51-84.85-158.19-294.92
Revenue (%)
EBITDA 3.3414.586.8914.48-12.66-27.50-51.28-95.60-178.24-332.32
EBITDA (%)
EBIT ------27.50-51.28-95.60-178.24-332.32
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 2.270.120.432.701.01-5.53-10.31-19.23-35.85-66.85
Total Cash (%)
Account Receivables 5.764.504.253.969.12-14.76-27.52-51.32-95.68-178.38
Account Receivables (%)
Inventories ----------
Inventories (%)
Accounts Payable 13.300.510.443.152.59-27.50-51.28-95.60-178.24-332.31
Accounts Payable (%)
Capital Expenditure ----------
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 12.72
Beta 0.000
Diluted Shares Outstanding 13.01
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt 5.00%
Risk-Free Rate
Market Risk Premium
Cost of Equity 3.784
Total Debt -
Total Equity 165.54
Total Capital 165.54
Debt Weighting 0.00
Equity Weighting 100.00
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 2.4213.425.8714.11-13.09-24.41-45.51-84.85-158.19-294.92
EBITDA 3.3414.586.8914.48-12.66-27.50-51.28-95.60-178.24-332.32
EBIT ------27.50-51.28-95.60-178.24-332.32
Tax Rate 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
EBIAT ------27.50-51.28-95.60-178.24-332.32
Depreciation ----------
Accounts Receivable -1.260.260.29-5.1623.8812.7623.7944.3682.70
Inventories ----------
Accounts Payable --12.79-0.072.71-0.56-30.09-23.77-44.32-82.64-154.07
Capital Expenditure ----------
UFCF ------33.71-62.29-116.14-216.52-403.69
WACC
PV UFCF -32.48-57.84-103.90-186.66-335.33
SUM PV UFCF -716.21

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 3.78
Free cash flow (t + 1) -411.76
Terminal Value -23,132.55
Present Value of Terminal Value -19,215.66

Intrinsic Value

Enterprise Value -19,931.87
Net Debt -1.01
Equity Value -19,930.86
Shares Outstanding 13.01
Equity Value Per Share -1,531.44