As of December 15, 2025, MINT Income Fund's estimated intrinsic value ranges from $9.35 to $36.43 per share, depending on the valuation methodology applied.
| Valuation Method | Fair Value (USD) | Implied Upside/Downside |
|---|---|---|
| Discounted Cash Flow (10Y) | $36.43 | +365.9% |
| Discounted Cash Flow (5Y) | $32.34 | +313.5% |
| Dividend Discount Model (Multi-Stage) | $24.69 | +215.7% |
| Dividend Discount Model (Stable) | $9.35 | +19.5% |
| Earnings Power Value | $11.32 | +44.8% |
Is MINT Income Fund (MID.UN.TO) undervalued or overvalued?
With the current market price at $7.82, the stock appears to be significantly undervalued.
Intrinsic value represents the "true" worth of a company based on its fundamentals rather than market sentiment. We've employed multiple methodologies to triangulate MINT Income Fund's intrinsic value, including:
The cost of capital is a critical factor in valuation models, representing the required return for investors.
| WACC Component | Low | High |
|---|---|---|
| Long-term bond rate | 3.2% | 3.7% |
| Equity market risk premium | 5.1% | 6.1% |
| Adjusted beta | 0.8 | 0.88 |
| Cost of equity | 7.2% | 9.6% |
| Cost of debt | 5.0% | 5.0% |
| Tax rate | 0.5% | 0.7% |
| Debt/Equity ratio | 0.29 | 0.29 |
| After-tax WACC | 6.7% | 8.5% |
Our DCF model projects cash flows over 5-year and 10-year horizons, with the following key assumptions:
| DCF Model | Fair Value | Enterprise Value | % from Terminal Value |
|---|---|---|---|
| 5-Year Growth | $32 | $345M | 73.2% |
| 10-Year Growth | $36 | $386M | 53.8% |
| 5-Year EBITDA | $23 | $253M | 63.5% |
| 10-Year EBITDA | $29 | $311M | 42.6% |
The DDM values a company based on its expected future dividend payments. We used two approaches:
EPV assesses a company's value based on its current normalized earnings power, assuming no growth.
| EPV Component | Value |
|---|---|
| Normalized Earnings | $10M |
| Discount Rate (WACC) | 8.5% - 6.7% |
| Enterprise Value | $118M - $149M |
| Net Debt | $20M |
| Equity Value | $98M - $129M |
| Outstanding Shares | 10M |
| Fair Value | $10 - $13 |
| Selected Fair Value | $11.32 |
| Metric | Value |
|---|---|
| Market Capitalization | $79M |
| Enterprise Value | $98M |
| Trailing P/E | 9.09 |
| Forward P/E | 3.66 |
| Trailing EV/EBITDA | 8.95 |
| Current Dividend Yield | 645.30% |
| Dividend Growth Rate (5Y) | -7.98% |
| Debt-to-Equity Ratio | 0.29 |
To determine the most reliable intrinsic value estimate, we weigh each valuation method based on:
| Valuation Method | Weight | Weighted Value |
|---|---|---|
| Discounted Cash Flow (10Y) | 30% | $10.93 |
| Discounted Cash Flow (5Y) | 25% | $8.08 |
| Dividend Discount Model (Multi-Stage) | 20% | $4.94 |
| Dividend Discount Model (Stable) | 15% | $1.40 |
| Earnings Power Value | 10% | $1.13 |
| Weighted Average | 100% | $26.49 |
Based on our comprehensive valuation analysis, MINT Income Fund's intrinsic value is $26.49, which is approximately 238.7% above the current market price of $7.82.
Key investment considerations:
Given these factors, we believe MINT Income Fund is currently significantly undervalued with the potential for long-term appreciation based on the company's growth trajectory and financial strength.