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 | $12.0B | $13.1B | $14.3B | $15.4B | $17.0B |
| EBIT | $1.9B | $2.1B | $2.3B | $2.4B | $2.7B |
| Tax | $256M | $280M | $305M | $330M | $363M |
| NOPAT | $1.6B | $1.8B | $2.0B | $2.1B | $2.3B |
| + Depreciation | $448M | $489M | $534M | $576M | $635M |
| - Capex | $503M | $543M | $586M | $626M | $678M |
| - Δ NWC | $262M | $158M | $178M | $169M | $148M |
| Free Cash Flow | $1.3B | $1.6B | $1.7B | $1.9B | $2.1B |
| Discount Factor | 0.913 | 0.762 | 0.635 | 0.530 | 0.404 |
| Present Value | $1.2B | $1.2B | $1.1B | $1.0B | $863M |
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% |
|---|
| 7.50% | $71.03 | $73.28 | $76.03 | $79.46 | $83.88 |
| 8.50% | $61.74 | $63.20 | $64.92 | $66.99 | $69.52 |
| 9.50% | $54.28 | $55.28 | $56.43 | $57.77 | $59.36 |
| 10.50% | $48.08 | $48.79 | $49.60 | $50.52 | $51.58 |
| 11.50% | $42.82 | $43.34 | $43.93 | $44.58 | $45.32 |
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 Growth7.88%
Year 3 Revenue Growth4.19%
Year 5 Revenue Growth4.34%
Year 7 Revenue Growth3.81%
Year 10 Revenue Growth3.00%
Terminal Growth Rate3.00%
Margin & Efficiency
Current EBIT Margin15.88%
Terminal EBIT Margin20.51%
Tax Rate13.48%
Historical Capex / Rev4.20%
Terminal Capex / Rev4.00%
NWC / Revenue30.00%
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.