BlackRock Technology and Private Equity Term Trust

BlackRock Technology and Private Equity Term Trust

BTXยทNASDAQ

$6.62

-2.4%
HealthcareBiotechnology

BlackRock Innovation and Growth Trust (the Trust) is a newly-organized, non-diversified, closed-end management investment company with no operating history. The Trusts investment objectives are to provide total return and income through a combination of current income, current gains and long-term capital appreciation. There can be no assurance that the Trusts investment objectives will be achieved or that the Trusts investment program will be successful The Trust will invest primarily in equity securities issued by mid- and small-capitalization companies that the Trusts adviser believes have above-average earnings growth potential. In selecting investments for the Trust, the Trusts adviser focuses on mid- and small-capitalization growth companies that are innovative. These are companies that have introduced, or are seeking to introduce, a new product or service that potentially changes the marketplace.

At a Glance

Live Snapshot
Market Cap$772.04M
EPS0.1700
P/E Ratio44.99
Earnings Dateโ€”
BlackRock Technology and Private Equity Term Trust

BlackRock Technology and Private Equity Term Trust Fair Value Envelope

BTX ยท NASDAQ

Our analysis suggests that BTX has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $6.615, this represents a potential HIDDEN relative to our calculated worth for BlackRock Technology and Private Equity Term Trust.

Intrinsic Value
Current Price: $6.615

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$33.7B
+ Cash & Equivalents$0
Firm Value$33.7B
- Debt$0
Equity Value$33.7B
/ Shares Outstanding116,710,298B
DCF Value$289
UNDERVALUED BY 4265%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$354.8M
$454.2M
$581.4M
$744.1M
$952.5M
$1.2B
$1.6B
$2.0B
$2.6B
$3.3B
Maintenance CapEx
-$0
-$0
-$0
-$0
-$0
-$0
-$0
-$0
-$0
-$0
Owner Earnings
$354.8M
$454.2M
$581.4M
$744.1M
$952.5M
$1.2B
$1.6B
$2.0B
$2.6B
$3.3B
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$328.5M
$389.4M
$461.5M
$547.0M
$648.3M
$768.3M
$910.6M
$1.1B
$1.3B
$1.5B
Terminal Value represents 76.5% of Enterprise Value