Discounted Cash Flow (DCF) Analysis Unlevered

Nuveen Municipal Income Fund, Inc. (NMI)

$9.59

-0.04 (-0.42%)
All numbers are in Millions, Currency in USD
Stock DCF: - | 9.59 | undervalue

Operating Data

Year
A/P
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 2.240.248.111.885.3549.52458.234,240.4639,241.15363,137.09
Revenue (%)
EBITDA 2.07-0.047.941.755.2136.24335.353,103.3228,718.13265,757.17
EBITDA (%)
EBIT ---1.755.2136.24335.353,103.3228,718.13265,757.17
EBIT (%)
Depreciation ----------
Depreciation (%)

Balance Sheet Data

Year
A/P
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Total Cash 0.071.710.220.421.9276.78710.486,574.8160,843.22563,042.34
Total Cash (%)
Account Receivables 1.332.131.551.331.84106.11981.949,086.8684,089.68778,164.74
Account Receivables (%)
Inventories ----------
Inventories (%)
Accounts Payable 1.192.230.291.021.91106.59986.409,128.1084,471.33781,696.60
Accounts Payable (%)
Capital Expenditure ----------
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 9.59
Beta 0.079
Diluted Shares Outstanding 8.82
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt -%
Risk-Free Rate
Market Risk Premium
Cost of Equity 3.168
Total Debt -
Total Equity 84.57
Total Capital -
Debt Weighting -
Equity Weighting -
Wacc

Build Up Free Cash

Year
A/P
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 2.240.248.111.885.3549.52458.234,240.4639,241.15363,137.09
EBITDA 2.07-0.047.941.755.2136.24335.353,103.3228,718.13265,757.17
EBIT ---1.755.2136.24335.353,103.3228,718.13265,757.17
Tax Rate 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
EBIAT ---1.755.2136.24335.353,103.3228,718.13265,757.17
Depreciation ----------
Accounts Receivable --0.800.570.22-0.51-104.27-875.83-8,104.92-75,002.82-694,075.06
Inventories ----------
Accounts Payable -1.04-1.940.730.89104.69879.818,141.7175,343.23697,225.27
Capital Expenditure ----------
UFCF ---2.705.6036.65339.333,140.1129,058.54268,907.38
WACC
PV UFCF -----
SUM PV UFCF -

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) -
Free cash flow (t + 1) 274,285.53
Terminal Value -
Present Value of Terminal Value -

Intrinsic Value

Enterprise Value -
Net Debt -1.92
Equity Value -
Shares Outstanding 8.82
Equity Value Per Share -