Discounted Cash Flow (DCF) Analysis Unlevered

Royce Global Value Trust, Inc. (RGT)

$8.0946

+0.12 (+1.56%)
All numbers are in Millions, Currency in USD
Stock DCF: -1.23 | 8.0946 | overvalue

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 31.41-20.4634.532513.10-3.570.98-0.270.07-0.02
Revenue (%)
EBITDA 31.13-20.7634.2024.6712.75-3.540.97-0.260.07-0.02
EBITDA (%)
EBIT ------3.540.97-0.260.07-0.02
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 00000-00-00-0
Total Cash (%)
Account Receivables 0.760.570.270.620.20-0.030.01-00-0
Account Receivables (%)
Inventories ----------
Inventories (%)
Accounts Payable 0.380.410.850.701.20-0.100.03-0.010-0
Accounts Payable (%)
Capital Expenditure ----------
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 8.0,946
Beta 1.319
Diluted Shares Outstanding 6.27
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt 1.14%
Risk-Free Rate
Market Risk Premium
Cost of Equity 9.955
Total Debt 4
Total Equity 50.73
Total Capital 54.73
Debt Weighting 7.31
Equity Weighting 92.69
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 31.41-20.4634.532513.10-3.570.98-0.270.07-0.02
EBITDA 31.13-20.7634.2024.6712.75-3.540.97-0.260.07-0.02
EBIT ------3.540.97-0.260.07-0.02
Tax Rate 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
EBIAT ------3.540.97-0.260.07-0.02
Depreciation ----------
Accounts Receivable -0.190.31-0.350.420.23-0.040.01-00
Inventories ----------
Accounts Payable -0.020.44-0.150.51-1.300.12-0.030.01-0
Capital Expenditure ----------
UFCF ------4.611.05-0.290.08-0.02
WACC
PV UFCF -4.220.88-0.220.05-0.01
SUM PV UFCF -3.52

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 9.31
Free cash flow (t + 1) -0.02
Terminal Value -0.30
Present Value of Terminal Value -0.19

Intrinsic Value

Enterprise Value -3.71
Net Debt 4
Equity Value -7.71
Shares Outstanding 6.27
Equity Value Per Share -1.23