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 | $6.5B | $7.3B | $7.8B | $8.3B | $9.0B |
| EBIT | $672M | $750M | $812M | $995M | $1.2B |
| Tax | $158M | $177M | $191M | $235M | $285M |
| NOPAT | $514M | $573M | $620M | $761M | $925M |
| + Depreciation | $206M | $230M | $249M | $262M | $285M |
| - Capex | $227M | $254M | $274M | $290M | $314M |
| - Δ NWC | -$4M | $2M | $1M | $1M | $2M |
| Free Cash Flow | $497M | $548M | $593M | $732M | $894M |
| Discount Factor | 0.939 | 0.828 | 0.729 | 0.643 | 0.532 |
| Present Value | $466M | $453M | $433M | $471M | $476M |
FCF Formula: Free Cash Flow = NOPAT + Depreciation - Capex - Change in Net Working Capital
Sensitivity AnalysisPrice per Share
| WACC ↓ / Growth → | 1.75% | 2.25% | 2.75% | 3.25% | 3.75% |
|---|
| 4.51% | $186.77 | $225.64 | $249.21 | $239.42 | $230.09 |
| 5.51% | $129.83 | $148.00 | $172.74 | $208.41 | $230.09 |
| 6.51% | $97.69 | $107.78 | $120.56 | $137.25 | $159.98 |
| 7.51% | $77.36 | $83.57 | $91.09 | $100.37 | $112.11 |
| 8.51% | $63.54 | $67.64 | $72.44 | $78.16 | $85.07 |
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 Defensive Sector
Growth Assumptions (Select Years)
Year 1 Revenue Growth-8.47%
Year 3 Revenue Growth3.69%
Year 5 Revenue Growth2.72%
Year 7 Revenue Growth2.73%
Year 10 Revenue Growth2.75%
Terminal Growth Rate2.75%
Margin & Efficiency
EBIT Margin10.34%
Tax Rate23.56%
Capex / Revenue3.50%
NWC / Revenue0.68%
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.