Discounted Cash Flow (DCF) Analysis Unlevered

Sabine Royalty Trust (SBR)

$83.5082

-0.58 (-0.69%)
All numbers are in Millions, Currency in USD
Stock DCF: - | 83.5082 | undervalue

Operating Data

Year
A/P
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 37.2052.5346.8936.3637.3338.3339.3640.4141.4942.59
Revenue (%)
EBITDA 34.7049.9344.04194.0376.1578.1880.2782.4184.6186.87
EBITDA (%)
EBIT 34.7349.9744.07194.0676.1878.2180.3082.4484.6486.90
EBIT (%)
Depreciation -0.03-0.04-0.04-0.03-0.03-0.03-0.03-0.03-0.03-0.03
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 5.099.256.734.7916.197.838.048.268.488.70
Total Cash (%)
Account Receivables ----------
Account Receivables (%)
Inventories ----------
Inventories (%)
Accounts Payable 0.741.040.930.720.740.760.780.800.820.84
Accounts Payable (%)
Capital Expenditure ----------
Capital Expenditure (%)

Weighted Average Cost Of Capital

Share price $ 83.5,082
Beta 0.565
Diluted Shares Outstanding 14.58
Cost of Debt
Tax Rate 0.00
After-tax Cost of Debt -%
Risk-Free Rate
Market Risk Premium
Cost of Equity 6.305
Total Debt -
Total Equity 1,217.49
Total Capital -
Debt Weighting -
Equity Weighting -
Wacc

Build Up Free Cash

Year
A/P
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
2026
Projected
Revenue 37.2052.5346.8936.3637.3338.3339.3640.4141.4942.59
EBITDA 34.7049.9344.04194.0376.1578.1880.2782.4184.6186.87
EBIT 34.7349.9744.07194.0676.1878.2180.3082.4484.6486.90
Tax Rate 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
EBIAT 34.7349.9744.07194.0676.1878.2180.3082.4484.6486.90
Depreciation -0.03-0.04-0.04-0.03-0.03-0.03-0.03-0.03-0.03-0.03
Accounts Receivable ----------
Inventories ----------
Accounts Payable -0.30-0.11-0.210.020.020.020.020.020.02
Capital Expenditure ----------
UFCF -----78.2080.2982.4384.6386.89
WACC
PV UFCF ------
SUM PV UFCF -

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) -
Free cash flow (t + 1) 88.63
Terminal Value -
Present Value of Terminal Value -

Intrinsic Value

Enterprise Value -
Net Debt -16.19
Equity Value -
Shares Outstanding 14.58
Equity Value Per Share -