Models & Tools
Basic DCF
Estimate intrinsic value from projected free cash flow and a disciplined terminal value assumption.
Example inputs — replace with your own
Enterprise value
$14,462,118.90
Equity value
$12,462,118.90
Value per share
$12.46
Terminal share of enterprise value
69.87%
| Year | Free cash flow | Discount factor | Present value |
|---|---|---|---|
| 1 | $1,050,000.00 | 0.9091 | $954,545.45 |
| 2 | $1,102,500.00 | 0.8264 | $911,157.02 |
| 3 | $1,157,625.00 | 0.7513 | $869,740.80 |
| 4 | $1,215,506.25 | 0.6830 | $830,207.12 |
| 5 | $1,276,281.56 | 0.6209 | $792,470.44 |
How this works / Assumptions
FCFₜ = current FCF × (1 + growth)^t PVₜ = FCFₜ / (1 + r)^t Terminal value = FCFₙ × (1 + g) / (r − g) Enterprise value = Σ PVₜ + PV of terminal value Equity value = enterprise value − net debt
Use unlevered annual free cash flow and a matching discount rate (typically WACC). Cash flows arrive at year end. Growth is constant during the explicit projection; thereafter, the Gordon growth model assumes perpetual terminal growth and requires r > g. Net debt is deducted from enterprise value; negative debt represents net cash. No separate non-operating assets, minority interests, dilution, or transaction costs are modeled. Blank or zero shares omit per-share value. Small assumption changes can materially change value.
Educational tool. Results are estimates based on your inputs and do not constitute financial advice.