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 | $13.0B | $16.1B | $19.5B | $22.7B | $25.8B |
| EBIT | $3.1B | $3.8B | $4.6B | $5.4B | $6.1B |
| Tax | $725M | $901M | $1.1B | $1.3B | $1.4B |
| NOPAT | $2.4B | $2.9B | $3.5B | $4.1B | $4.7B |
| + Depreciation | $338M | $420M | $509M | $592M | $673M |
| - Capex | $596M | $719M | $844M | $952M | $1.0B |
| - Δ NWC | $16M | $27M | $28M | $24M | $12M |
| Free Cash Flow | $2.1B | $2.6B | $3.2B | $3.7B | $4.3B |
| Discount Factor | 0.930 | 0.805 | 0.697 | 0.604 | 0.486 |
| Present Value | $1.9B | $2.1B | $2.2B | $2.3B | $2.1B |
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% |
|---|
| 5.48% | $68.16 | $72.97 | $79.71 | $89.20 | $85.33 |
| 6.48% | $56.43 | $59.00 | $62.30 | $66.72 | $72.91 |
| 7.48% | $48.15 | $49.69 | $51.58 | $53.94 | $56.98 |
| 8.48% | $41.83 | $42.83 | $44.01 | $45.43 | $47.16 |
| 9.48% | $36.75 | $37.44 | $38.22 | $39.14 | $40.23 |
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 Growth8.63%
Year 3 Revenue Growth11.84%
Year 5 Revenue Growth9.97%
Year 7 Revenue Growth7.18%
Year 10 Revenue Growth3.00%
Terminal Growth Rate3.00%
Margin & Efficiency
Current EBIT Margin23.75%
Tax Rate23.58%
Historical Capex / Rev4.60%
Terminal Capex / Rev4.00%
NWC / Revenue1.59%
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.