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 | $15.1B | $17.9B | $20.3B | $22.9B |
| EBIT | $2.7B | $3.2B | $3.8B | $4.3B | $4.8B |
| Tax | $816M | $946M | $1.1B | $1.3B | $1.4B |
| NOPAT | $1.9B | $2.2B | $2.7B | $3.0B | $3.4B |
| + Depreciation | $152M | $176M | $208M | $236M | $266M |
| - Capex | $136M | $157M | $186M | $211M | $238M |
| - Δ NWC | $1M | $1M | $2M | $2M | $941,086.117 |
| Free Cash Flow | $1.9B | $2.3B | $2.7B | $3.0B | $3.4B |
| Discount Factor | 0.913 | 0.762 | 0.635 | 0.530 | 0.404 |
| Present Value | $1.8B | $1.7B | $1.7B | $1.6B | $1.4B |
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% | $200.20 | $213.98 | $230.83 | $251.91 | $279.00 |
| 8.50% | $170.30 | $179.24 | $189.81 | $202.49 | $218.00 |
| 9.50% | $149.20 | $155.31 | $162.37 | $170.60 | $180.33 |
| 10.50% | $133.71 | $138.06 | $142.99 | $148.62 | $155.12 |
| 11.50% | $122.00 | $125.19 | $128.76 | $132.77 | $137.31 |
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 Growth8.23%
Year 3 Revenue Growth7.39%
Year 5 Revenue Growth8.12%
Year 7 Revenue Growth6.07%
Year 10 Revenue Growth3.00%
Terminal Growth Rate3.00%
Margin & Efficiency
Current EBIT Margin21.10%
Terminal EBIT Margin22.37%
Tax Rate29.68%
Historical Capex / Rev1.04%
NWC / Revenue0.14%
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.