Discounted Cash Flow (DCF) Analysis Unlevered

Sprott Physical Silver Trust (PSLV.TO)

$10.83

+0.21 (+1.98%)
All numbers are in Millions, Currency in USD
Stock DCF: - | 10.83 | 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 52.48-85.59128.20725.73-543.69-242.31-107.99-48.13-21.45-9.56
Revenue (%)
EBITDA 50.19-87.66126.10722.83-549.51-240.90-107.36-47.85-21.33-9.50
EBITDA (%)
EBIT ------240.90-107.36-47.85-21.33-9.50
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 2.503.802.512.623.19-0.99-0.44-0.20-0.09-0.04
Total Cash (%)
Account Receivables ----------
Account Receivables (%)
Inventories ----------
Inventories (%)
Accounts Payable 0.210.540.470.290.48-0.04-0.02-0.01-0-0
Accounts Payable (%)
Capital Expenditure ----------
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 10.83
Beta 0.000
Diluted Shares Outstanding 389.57
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt -%
Risk-Free Rate
Market Risk Premium
Cost of Equity 3.567
Total Debt -
Total Equity 4,219.08
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 52.48-85.59128.20725.73-543.69-242.31-107.99-48.13-21.45-9.56
EBITDA 50.19-87.66126.10722.83-549.51-240.90-107.36-47.85-21.33-9.50
EBIT ------240.90-107.36-47.85-21.33-9.50
Tax Rate 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
EBIAT ------240.90-107.36-47.85-21.33-9.50
Depreciation ----------
Accounts Receivable ----------
Inventories ----------
Accounts Payable -0.33-0.07-0.180.19-0.520.020.0100
Capital Expenditure ----------
UFCF ------241.42-107.34-47.84-21.32-9.50
WACC
PV UFCF -----
SUM PV UFCF -

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) -
Free cash flow (t + 1) -9.69
Terminal Value -
Present Value of Terminal Value -

Intrinsic Value

Enterprise Value -
Net Debt -3.19
Equity Value -
Shares Outstanding 389.57
Equity Value Per Share -