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 | $60.0B | $67.5B | $75.5B | $81.0B | $88.9B |
| EBIT | $6.4B | $7.2B | $8.1B | $9.1B | $10.3B |
| Tax | $1.6B | $1.8B | $2.0B | $2.2B | $2.5B |
| NOPAT | $4.8B | $5.5B | $6.1B | $6.8B | $7.8B |
| + Depreciation | $1.0B | $1.1B | $1.3B | $1.4B | $1.5B |
| - Capex | $1.6B | $1.8B | $2.0B | $2.2B | $2.4B |
| - Δ NWC | -$38M | $374M | $278M | $274M | $259M |
| Free Cash Flow | $4.3B | $4.4B | $5.1B | $5.7B | $6.6B |
| Discount Factor | 0.935 | 0.817 | 0.714 | 0.624 | 0.509 |
| Present Value | $4.0B | $3.6B | $3.6B | $3.6B | $3.4B |
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% |
|---|
| 4.98% | $147.22 | $160.03 | $178.10 | $170.33 | $162.91 |
| 5.98% | $119.90 | $126.17 | $134.56 | $146.32 | $162.91 |
| 6.98% | $101.51 | $105.09 | $109.57 | $115.34 | $123.04 |
| 7.98% | $87.84 | $90.08 | $92.77 | $96.07 | $100.19 |
| 8.98% | $77.03 | $78.53 | $80.27 | $82.34 | $84.82 |
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 Growth-0.64%
Year 3 Revenue Growth5.87%
Year 5 Revenue Growth3.83%
Year 7 Revenue Growth3.50%
Year 10 Revenue Growth3.00%
Terminal Growth Rate3.00%
Margin & Efficiency
Current EBIT Margin10.73%
Terminal EBIT Margin12.00%
Tax Rate24.73%
Historical Capex / Rev2.68%
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: 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.