Discounted Cash Flow (DCF) Analysis Unlevered
CI Canadian REIT ETF (RIT.TO)
$14.63
-0.18 (-1.22%)
All numbers are in Millions, Currency in USD
Operating Data
Year A/P | 2013 Actual | 2014 Projected | 2015 Projected | 2016 Projected | 2017 Projected | 2018 Projected | 2019 Projected |
| Revenue | 3.97 | - | - | - | - | - | - |
|---|---|---|---|---|---|---|---|
| Revenue (%) | |||||||
| EBITDA | 2.78 | - | - | - | - | - | - |
| EBITDA (%) | |||||||
| EBIT | - | - | - | - | - | - | - |
| EBIT (%) | |||||||
| Depreciation | - | - | - | - | - | - | - |
| Depreciation (%) |
Balance Sheet Data
Year A/P | 2013 Actual | 2014 Actual | 2015 Projected | 2016 Projected | 2017 Projected | 2018 Projected | 2019 Projected |
| Total Cash | 0.65 | - | - | - | - | - | - |
|---|---|---|---|---|---|---|---|
| Total Cash (%) | |||||||
| Account Receivables | 0.47 | - | - | - | - | - | - |
| Account Receivables (%) | |||||||
| Inventories | - | - | - | - | - | - | - |
| Inventories (%) | |||||||
| Accounts Payable | 0.16 | - | - | - | - | - | - |
| Accounts Payable (%) | |||||||
| Capital Expenditure | - | - | - | - | - | - | - |
| Capital Expenditure (%) |
Weighted Average Cost Of Capital
| Share price | $ 14.63 |
|---|---|
| Beta | 0.000 |
| Diluted Shares Outstanding | 6.54 |
| Cost of Debt | |
| Tax Rate | 0.00 |
| After-tax Cost of Debt | 5.00% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 4.626 |
| Total Debt | 4 |
| Total Equity | 95.63 |
| Total Capital | 99.62 |
| Debt Weighting | 4.01 |
| Equity Weighting | 95.99 |
| Wacc |
Build Up Free Cash
Year A/P | 2013 Actual | 2014 Projected | 2015 Projected | 2016 Projected | 2017 Projected | 2018 Projected | 2019 Projected |
| Revenue | 3.97 | - | - | - | - | - | - |
|---|---|---|---|---|---|---|---|
| EBITDA | 2.78 | - | - | - | - | - | - |
| EBIT | - | - | - | - | - | - | - |
| Tax Rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| EBIAT | - | - | - | - | - | - | - |
| Depreciation | - | - | - | - | - | - | - |
| Accounts Receivable | - | - | - | - | - | - | - |
| Inventories | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - |
| Capital Expenditure | - | - | - | - | - | - | - |
| UFCF | - | - | - | - | - | - | - |
| WACC | |||||||
| PV UFCF | - | - | - | - | - | - | |
| SUM PV UFCF | - |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | 4.64 |
| Free cash flow (t + 1) | - |
| Terminal Value | - |
| Present Value of Terminal Value | - |
Intrinsic Value
| Enterprise Value | - |
|---|---|
| Net Debt | 3.32 |
| Equity Value | - |
| Shares Outstanding | 6.54 |
| Equity Value Per Share | - |