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 | $1.4B | $1.3B | $1.8B | $2.0B | $2.3B |
| EBIT | $648M | $642M | $841M | $974M | $1.1B |
| Tax | $136M | $135M | $177M | $205M | $230M |
| NOPAT | $512M | $507M | $664M | $770M | $865M |
| + Depreciation | $341M | $338M | $443M | $513M | $576M |
| - Capex | $361M | $285M | $279M | $215M | $57M |
| - Δ NWC | $7M | -$8M | $16M | $13M | $6M |
| Free Cash Flow | $485M | $568M | $812M | $1.1B | $1.4B |
| Discount Factor | 0.937 | 0.821 | 0.721 | 0.632 | 0.519 |
| Present Value | $454M | $466M | $585M | $667M | $716M |
FCF Formula: Free Cash Flow = NOPAT + Depreciation - Capex - Change in Net Working Capital
Sensitivity AnalysisPrice per Share
| WACC ↓ / Growth → | 1.50% | 2.00% | 2.50% | 3.00% | 3.50% |
|---|
| 4.77% | $310.59 | $339.64 | $381.46 | $404.48 | $385.60 |
| 5.77% | $246.71 | $261.72 | $281.32 | $307.99 | $346.38 |
| 6.77% | $203.18 | $212.02 | $222.93 | $236.72 | $254.73 |
| 7.77% | $170.78 | $176.43 | $183.15 | $191.27 | $201.30 |
| 8.77% | $145.28 | $149.10 | $153.53 | $158.73 | $164.91 |
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• Real Estate Sector
Growth Assumptions (Select Years)
Year 1 Revenue Growth5.64%
Year 3 Revenue Growth-5.42%
Year 5 Revenue Growth9.87%
Year 7 Revenue Growth6.92%
Year 10 Revenue Growth2.50%
Terminal Growth Rate2.50%
Margin & Efficiency
Current EBIT Margin47.96%
Tax Rate21.00%
Historical Capex / Rev26.69%
Terminal Capex / Rev2.50%
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: 22x EV/EBITDA (Real Estate 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.