10-Year Free Cash Flow Projections(showing years 1, 3, 5, 7, 10)
| Year | Year 1 | Year 3 | Year 5 | Year 7 | Year 10 |
|---|
| Revenue | $21.4B | $23.6B | $20.6B | $14.9B | $14.0B |
| EBIT | $1.8B | $2.0B | $1.7B | $1.4B | $1.5B |
| Tax | $536M | $591M | $515M | $433M | $453M |
| NOPAT | $1.3B | $1.4B | $1.2B | $1.0B | $1.1B |
| + Depreciation | $925M | $1.0B | $889M | $645M | $604M |
| - Capex | $809M | $891M | $777M | $564M | $528M |
| - Δ NWC | $93M | $100M | -$529M | -$185M | $36M |
| Free Cash Flow | $1.3B | $1.4B | $1.8B | $1.3B | $1.1B |
| Discount Factor | 0.923 | 0.787 | 0.670 | 0.571 | 0.449 |
| Present Value | $1.2B | $1.1B | $1.2B | $729M | $493M |
FCF Formula: Free Cash Flow = NOPAT + Depreciation - Capex - Change in Net Working Capital
Sensitivity AnalysisPrice per Share
| WACC ↓ / Growth → | 2.00% | 2.50% | 3.00% | 3.50% | 4.00% |
|---|
| 6.33% | $99.82 | $104.14 | $109.75 | $117.36 | $128.23 |
| 7.33% | $84.96 | $87.52 | $90.67 | $94.64 | $99.80 |
| 8.33% | $73.49 | $75.13 | $77.08 | $79.43 | $82.33 |
| 9.33% | $64.17 | $65.29 | $66.58 | $68.09 | $69.88 |
| 10.33% | $56.36 | $57.15 | $58.04 | $59.07 | $60.26 |
How to read: This table shows how the valuation changes with different WACC (discount rate) and terminal growth rate assumptions. Green = undervalued, Red = overvalued.
Key Assumptions & Drivers✓ Using Analyst Consensus Estimates• Consumer Cyclical Sector
Growth Assumptions (Select Years)
Year 1 Revenue Growth5.11%
Year 3 Revenue Growth4.97%
Year 5 Revenue Growth-22.39%
Year 7 Revenue Growth-12.23%
Year 10 Revenue Growth3.00%
Terminal Growth Rate3.00%
Margin & Efficiency
Current EBIT Margin8.33%
Terminal EBIT Margin12.00%
Tax Rate30.00%
Historical Capex / Rev3.77%
NWC / Revenue8.90%
Key Drivers: Revenue growth, operating margin expansion, capex efficiency, and working capital management are the primary drivers of cash flow generation. Terminal value assumptions significantly impact final valuation.
Institutional-Grade Methodology
Actual Company Data: Revenue, EBIT, Capex, NWC, Tax Rate, Interest Expense, Beta
Market Assumptions: Risk-free: 4.5% (10Y), MRP: 4.5% (Damodaran 2026), Exit: 20x EV/EBITDA (Consumer Cyclical sector)
This DCF model is for informational purposes only. Projections are based on assumptions that may not materialize. Past performance does not guarantee future results. Consult a financial advisor before making investment decisions.