Discounted Cash Flow (DCF) Analysis Unlevered

Blue Ribbon Income Fund (RBN-UN.TO)

$7.81

+0.04 (+0.51%)
All numbers are in Millions, Currency in USD
Stock DCF: - | 7.81 | undervalue

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 -23.9324.22-6.4617.66-4.985.35-5.746.17-6.627.11
Revenue (%)
EBITDA -24.9023.36-6.8316.24-6.075.56-5.976.41-6.887.39
EBITDA (%)
EBIT -----5.56-5.976.41-6.887.39
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 2.260.391.181.121.23-0.480.51-0.550.59-0.63
Total Cash (%)
Account Receivables 0.590.390.260.300.32-0.100.11-0.120.13-0.14
Account Receivables (%)
Inventories ----------
Inventories (%)
Accounts Payable 1.091.050.710.630.45-0.180.19-0.210.22-0.24
Accounts Payable (%)
Capital Expenditure ----------
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 7.81
Beta 1.033
Diluted Shares Outstanding 10.18
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt 5.00%
Risk-Free Rate
Market Risk Premium
Cost of Equity 9.149
Total Debt -
Total Equity 79.54
Total Capital -
Debt Weighting -
Equity Weighting -
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 -23.9324.22-6.4617.66-4.985.35-5.746.17-6.627.11
EBITDA -24.9023.36-6.8316.24-6.075.56-5.976.41-6.887.39
EBIT -----5.56-5.976.41-6.887.39
Tax Rate 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
EBIAT -----5.56-5.976.41-6.887.39
Depreciation ----------
Accounts Receivable -0.200.13-0.04-0.020.43-0.210.23-0.250.26
Inventories ----------
Accounts Payable --0.05-0.34-0.08-0.18-0.630.37-0.400.43-0.46
Capital Expenditure ----------
UFCF -----5.36-5.816.24-6.707.20
WACC
PV UFCF -----
SUM PV UFCF -

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) -
Free cash flow (t + 1) 7.34
Terminal Value -
Present Value of Terminal Value -

Intrinsic Value

Enterprise Value -
Net Debt -1.23
Equity Value -
Shares Outstanding 10.18
Equity Value Per Share -