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 | $46.7B | $50.7B | $58.3B | $64.3B | $71.2B |
| EBIT | $5.8B | $6.3B | $7.2B | $8.6B | $10.1B |
| Tax | $988M | $1.1B | $1.2B | $1.5B | $1.7B |
| NOPAT | $4.8B | $5.2B | $6.0B | $7.1B | $8.3B |
| + Depreciation | $837M | $907M | $1.0B | $1.2B | $1.3B |
| - Capex | $739M | $802M | $922M | $1.0B | $1.1B |
| - Δ NWC | $130M | $698M | $1.1B | $948M | $618M |
| Free Cash Flow | $4.7B | $4.6B | $5.0B | $6.3B | $7.9B |
| Discount Factor | 0.914 | 0.764 | 0.638 | 0.533 | 0.407 |
| Present Value | $4.3B | $3.5B | $3.2B | $3.3B | $3.2B |
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% |
|---|
| 7.40% | $67.38 | $72.16 | $77.97 | $85.19 | $94.38 |
| 8.40% | $56.85 | $59.98 | $63.66 | $68.06 | $73.41 |
| 9.40% | $49.36 | $51.52 | $54.00 | $56.88 | $60.27 |
| 10.40% | $43.84 | $45.38 | $47.13 | $49.11 | $51.40 |
| 11.40% | $39.65 | $40.79 | $42.05 | $43.47 | $45.08 |
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 Growth0.87%
Year 3 Revenue Growth4.44%
Year 5 Revenue Growth6.09%
Year 7 Revenue Growth4.76%
Year 10 Revenue Growth2.75%
Terminal Growth Rate2.75%
Margin & Efficiency
EBIT Margin12.34%
Tax Rate17.14%
Capex / Revenue1.58%
NWC / Revenue32.46%
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.