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 | $27.9B | $30.2B | $32.3B | $34.3B | $37.5B |
| EBIT | -$5.4B | -$5.9B | -$6.3B | -$2.8B | $633M |
| Tax | -$271M | -$294M | -$314M | -$139M | $32M |
| NOPAT | -$5.2B | -$5.6B | -$6.0B | -$2.7B | $602M |
| + Depreciation | $2.6B | $2.8B | $3.0B | $3.1B | $3.4B |
| - Capex | $4.2B | $3.8B | $3.3B | $2.6B | $1.5B |
| - Δ NWC | $124M | $125M | $94M | $100M | $109M |
| Free Cash Flow | -$6.9B | -$6.7B | -$6.4B | -$2.2B | $2.4B |
| Discount Factor | 0.898 | 0.725 | 0.584 | 0.471 | 0.342 |
| Present Value | -$6.2B | -$4.9B | -$3.7B | -$1.1B | $832M |
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% |
|---|
| 9.34% | $-23.46 | $-23.04 | $-22.56 | $-22.00 | $-21.34 |
| 10.34% | $-25.03 | $-24.74 | $-24.41 | $-24.03 | $-23.58 |
| 11.34% | $-26.27 | $-26.06 | $-25.82 | $-25.55 | $-25.24 |
| 12.34% | $-27.26 | $-27.10 | $-26.92 | $-26.72 | $-26.50 |
| 13.34% | $-28.05 | $-27.92 | $-27.79 | $-27.64 | $-27.48 |
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 Growth4.66%
Year 3 Revenue Growth4.31%
Year 5 Revenue Growth3.01%
Year 7 Revenue Growth3.00%
Year 10 Revenue Growth3.00%
Terminal Growth Rate3.00%
Margin & Efficiency
Current EBIT Margin-19.46%
Terminal EBIT Margin16.84%
Tax Rate5.00%
Historical Capex / Rev15.08%
Terminal Capex / Rev4.00%
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: 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.