Discounted Cash Flow (DCF) Analysis Unlevered

OFS Credit Company, Inc. (OCCI)

$9.1

+0.10 (+1.11%)
All numbers are in Millions, Currency in USD
Stock DCF: -14,402,886.08 | 9.1 | overvalue

Operating Data

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 0.35-6.47-1.6422.97-246.882,653.30-28,516.30306,478.15-3,293,865.52
Revenue (%)
EBITDA 0.36-6.88-2.0423.03-267.202,871.71-30,863.60331,705.70-3,564,997.96
EBITDA (%)
EBIT -----267.202,871.71-30,863.60331,705.70-3,564,997.96
EBIT (%)
Depreciation ---------
Depreciation (%)

Balance Sheet Data

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Total Cash 9.063.936.4515-1,352.8014,539.21-156,259.751,679,397.42-18,049,277.78
Total Cash (%)
Account Receivables 0.16-2.87-0.7210.18-109.381,175.60-12,634.78135,791.93-1,459,420.05
Account Receivables (%)
Inventories ---------
Inventories (%)
Accounts Payable 0.590.32-1.3418.75-201.492,165.49-23,273.56250,131.98-2,688,286.63
Accounts Payable (%)
Capital Expenditure ---------
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 9.1
Beta 1.479
Diluted Shares Outstanding 2.60
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt 5.00%
Risk-Free Rate
Market Risk Premium
Cost of Equity 10.673
Total Debt -
Total Equity 23.67
Total Capital 23.67
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
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 0.35-6.47-1.6422.97-246.882,653.30-28,516.30306,478.15-3,293,865.52
EBITDA 0.36-6.88-2.0423.03-267.202,871.71-30,863.60331,705.70-3,564,997.96
EBIT -----267.202,871.71-30,863.60331,705.70-3,564,997.96
Tax Rate 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
EBIAT -----267.202,871.71-30,863.60331,705.70-3,564,997.96
Depreciation ---------
Accounts Receivable -3.02-2.14-10.90119.56-1,284.9913,810.38-148,426.711,595,211.98
Inventories ---------
Accounts Payable --0.27-1.6620.08-220.242,366.98-25,439.05273,405.55-2,938,418.62
Capital Expenditure ---------
UFCF -----367.873,953.70-42,492.27456,684.54-4,908,204.60
WACC
PV UFCF -367.873,572.51-34,693.66336,919.84-3,271,922.57
SUM PV UFCF -2,680,484.11

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 10.67
Free cash flow (t + 1) -5,006,368.69
Terminal Value -57,743,583.48
Present Value of Terminal Value -34,781,970.49

Intrinsic Value

Enterprise Value -37,462,454.60
Net Debt -15
Equity Value -37,462,439.60
Shares Outstanding 2.60
Equity Value Per Share -14,402,886.08