Discounted Cash Flow (DCF) Analysis Unlevered

Nuveen New York AMT-Free Quality Mu... (NRK)

$9.92

+0.01 (+0.10%)
All numbers are in Millions, Currency in USD
Stock DCF: -0.20 | 9.92 | 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 43.8063169.962.840.080.080.080.090.090.10
Revenue (%)
EBITDA 44.8968.48175.190.11-5.69-1.14-1.19-1.24-1.30-1.36
EBITDA (%)
EBIT ------1.14-1.19-1.24-1.30-1.36
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 0.520.832.120.04000000
Total Cash (%)
Account Receivables 28.6322.1432.4442.5930.376.616.917.227.547.88
Account Receivables (%)
Inventories ----------
Inventories (%)
Accounts Payable 10.563.713.8414.7425.785.485.725.986.256.53
Accounts Payable (%)
Capital Expenditure ----------
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 9.92
Beta 0.327
Diluted Shares Outstanding 105.98
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt 5.00%
Risk-Free Rate
Market Risk Premium
Cost of Equity 5.422
Total Debt -
Total Equity 1,051.37
Total Capital 1,051.37
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 43.8063169.962.840.080.080.080.090.090.10
EBITDA 44.8968.48175.190.11-5.69-1.14-1.19-1.24-1.30-1.36
EBIT ------1.14-1.19-1.24-1.30-1.36
Tax Rate 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
EBIAT ------1.14-1.19-1.24-1.30-1.36
Depreciation ----------
Accounts Receivable -6.49-10.30-10.1412.2223.76-0.30-0.31-0.33-0.34
Inventories ----------
Accounts Payable --6.850.1410.9011.04-20.300.250.260.270.28
Capital Expenditure ----------
UFCF -----2.32-1.24-1.30-1.35-1.42
WACC
PV UFCF 2.20-1.12-1.11-1.10-1.09
SUM PV UFCF -2.20

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 5.42
Free cash flow (t + 1) -1.44
Terminal Value -42.21
Present Value of Terminal Value -32.42

Intrinsic Value

Enterprise Value -34.62
Net Debt -12.96
Equity Value -21.67
Shares Outstanding 105.98
Equity Value Per Share -0.20