Discounted Cash Flow (DCF) Analysis Unlevered

Nuveen Municipal Value Fund, Inc. (NUV)

$8.69

-0.01 (0.00%)
All numbers are in Millions, Currency in USD
Stock DCF: -0.02 | 8.69 | overvalue

Operating Data

Year
A/P
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Actual
2024
Projected
2025
Projected
2026
Projected
2027
Projected
2028
Projected
Revenue 229.9060.17103.08-313.3055.79-17.345.39-1.670.52-0.16
Revenue (%)
EBITDA 228.6659.05102.01-314.0454.94-17.175.34-1.660.52-0.16
EBITDA (%)
EBIT ------17.175.34-1.660.52-0.16
EBIT (%)
Depreciation ----------
Depreciation (%)

Balance Sheet Data

Year
A/P
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Actual
2024
Projected
2025
Projected
2026
Projected
2027
Projected
2028
Projected
Total Cash 7.922.073.55-10.791.92-0.600.19-0.060.02-0.01
Total Cash (%)
Account Receivables 40.1030.3647.8533.0825.13-5.161.60-0.500.15-0.05
Account Receivables (%)
Inventories ----------
Inventories (%)
Accounts Payable 10.3911.3112.386.655.66-1.500.47-0.150.05-0.01
Accounts Payable (%)
Capital Expenditure ----------
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 8.69
Beta 0.337
Diluted Shares Outstanding 207.54
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt 4.16%
Risk-Free Rate
Market Risk Premium
Cost of Equity 5.750
Total Debt 21.60
Total Equity 1,803.54
Total Capital 1,825.13
Debt Weighting 1.18
Equity Weighting 98.82
Wacc

Build Up Free Cash

Year
A/P
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Actual
2024
Projected
2025
Projected
2026
Projected
2027
Projected
2028
Projected
Revenue 229.9060.17103.08-313.3055.79-17.345.39-1.670.52-0.16
EBITDA 228.6659.05102.01-314.0454.94-17.175.34-1.660.52-0.16
EBIT ------17.175.34-1.660.52-0.16
Tax Rate 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
EBIAT ------17.175.34-1.660.52-0.16
Depreciation ----------
Accounts Receivable -9.74-17.4914.777.9530.29-6.762.10-0.650.20
Inventories ----------
Accounts Payable -0.911.07-5.73-0.99-7.171.97-0.610.19-0.06
Capital Expenditure ----------
UFCF -----5.950.54-0.170.05-0.02
WACC
PV UFCF 5.630.49-0.140.04-0.01
SUM PV UFCF 6

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 5.73
Free cash flow (t + 1) -0.02
Terminal Value -0.45
Present Value of Terminal Value -0.34

Intrinsic Value

Enterprise Value 5.66
Net Debt 9.35
Equity Value -3.69
Shares Outstanding 207.54
Equity Value Per Share -0.02