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 | $15.9B | $18.4B | $20.4B | $22.3B | $24.6B |
| EBIT | $1.5B | $1.7B | $1.9B | $2.5B | $3.2B |
| Tax | $272M | $314M | $349M | $464M | $590M |
| NOPAT | $1.2B | $1.4B | $1.6B | $2.1B | $2.6B |
| + Depreciation | $891M | $1.0B | $1.1B | $1.3B | $1.4B |
| - Capex | $798M | $924M | $1.0B | $1.1B | $1.2B |
| - Δ NWC | $113M | $137M | $106M | $94M | $66M |
| Free Cash Flow | $1.2B | $1.4B | $1.6B | $2.1B | $2.7B |
| Discount Factor | 0.915 | 0.766 | 0.642 | 0.538 | 0.412 |
| Present Value | $1.1B | $1.1B | $1.0B | $1.1B | $1.1B |
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% |
|---|
| 7.27% | $288.65 | $309.52 | $335.01 | $366.83 | $407.70 |
| 8.27% | $243.26 | $256.82 | $272.82 | $292.02 | $315.46 |
| 9.27% | $211.19 | $220.47 | $231.17 | $243.64 | $258.38 |
| 10.27% | $187.64 | $194.24 | $201.72 | $210.27 | $220.12 |
| 11.27% | $169.82 | $174.67 | $180.08 | $186.17 | $193.06 |
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 Growth7.69%
Year 3 Revenue Growth8.05%
Year 5 Revenue Growth5.48%
Year 7 Revenue Growth4.39%
Year 10 Revenue Growth2.75%
Terminal Growth Rate2.75%
Margin & Efficiency
EBIT Margin9.39%
Tax Rate18.23%
Capex / Revenue5.03%
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.