Discounted Cash Flow (DCF) Analysis Unlevered

Oxford Lane Capital Corp. (OXLCP)

$23.1

+0.07 (+0.30%)
All numbers are in Millions, Currency in USD
Stock DCF: - | 23.1 | 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 107.4140.42-18.57-288.16293.351,057.123,809.4013,727.4149,467.63178,259.87
Revenue (%)
EBITDA 116.9151.41-5.93-275.65306.21989.463,565.5812,848.7946,301.48166,850.44
EBITDA (%)
EBIT -----989.463,565.5812,848.7946,301.48166,850.44
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 14.0220.3321.4711.6690.87-53.57-193.05-695.66-2,506.84-9,033.57
Total Cash (%)
Account Receivables 5.905.338.6311.1517.26-54.42-196.12-706.73-2,546.75-9,177.38
Account Receivables (%)
Inventories ----------
Inventories (%)
Accounts Payable 1.830.530.620.010.30-0.54-1.94-7-25.21-90.86
Accounts Payable (%)
Capital Expenditure ----------
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 23.1
Beta 1.092
Diluted Shares Outstanding -
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt 16.86%
Risk-Free Rate
Market Risk Premium
Cost of Equity 8.687
Total Debt 96.57
Total Equity -
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 107.4140.42-18.57-288.16293.351,057.123,809.4013,727.4149,467.63178,259.87
EBITDA 116.9151.41-5.93-275.65306.21989.463,565.5812,848.7946,301.48166,850.44
EBIT -----989.463,565.5812,848.7946,301.48166,850.44
Tax Rate 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
EBIAT -----989.463,565.5812,848.7946,301.48166,850.44
Depreciation ----------
Accounts Receivable -0.57-3.29-2.52-6.1171.68141.70510.611,840.026,630.63
Inventories ----------
Accounts Payable --1.300.09-0.610.29-0.84-1.40-5.06-18.22-65.64
Capital Expenditure ----------
UFCF -----1,060.303,705.8713,354.3548,123.28173,415.43
WACC
PV UFCF -----
SUM PV UFCF -

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) -
Free cash flow (t + 1) 176,883.74
Terminal Value -
Present Value of Terminal Value -

Intrinsic Value

Enterprise Value -
Net Debt 5.71
Equity Value -
Shares Outstanding -
Equity Value Per Share -