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 | $20.5B | $23.8B | $26.6B | $29.3B | $32.4B |
| EBIT | $4.1B | $4.8B | $5.3B | $5.9B | $6.5B |
| Tax | $833M | $964M | $1.1B | $1.2B | $1.3B |
| NOPAT | $3.3B | $3.8B | $4.2B | $4.7B | $5.2B |
| + Depreciation | $545M | $630M | $706M | $778M | $859M |
| - Capex | $974M | $1.1B | $1.3B | $1.4B | $1.5B |
| - Δ NWC | $161M | $170M | $148M | $130M | $87M |
| Free Cash Flow | $2.7B | $3.1B | $3.5B | $3.9B | $4.4B |
| Discount Factor | 0.947 | 0.848 | 0.760 | 0.681 | 0.578 |
| Present Value | $2.5B | $2.6B | $2.7B | $2.7B | $2.5B |
FCF Formula: Free Cash Flow = NOPAT + Depreciation - Capex - Change in Net Working Capital
Sensitivity AnalysisPrice per Share
| WACC ↓ / Growth → | 1.00% | 1.50% | 0.29% | 0.79% | 1.29% |
|---|
| 3.64% | $7,859.43 | $9,539.98 | $6,329.26 | $7,321.39 | $8,735.16 |
| 4.64% | $5,468.51 | $6,230.35 | $4,684.47 | $5,203.50 | $5,877.31 |
| 5.64% | $4,144.68 | $4,560.76 | $3,685.56 | $3,993.17 | $4,371.44 |
| 6.64% | $3,317.07 | $3,570.35 | $3,024.69 | $3,222.12 | $3,456.44 |
| 7.64% | $2,759.04 | $2,924.62 | $2,561.75 | $2,695.71 | $2,850.74 |
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 Growth8.48%
Year 3 Revenue Growth7.72%
Year 5 Revenue Growth5.88%
Year 7 Revenue Growth4.63%
Year 10 Revenue Growth2.75%
Terminal Growth Rate0.29%
Margin & Efficiency
EBIT Margin19.98%
Tax Rate20.29%
Capex / Revenue4.74%
NWC / Revenue10.00%
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: 18x EV/EBITDA (S&P 500: 22x P/E)
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.