Intrinsic Value (FCF DCF)

DIY DCF: project FCF, add terminal value, discount back, convert EV → Equity → Intrinsic per share.

High

Bucket uses ±10% vs market price.

DIY Inputs (FCF DCF)

Tip: Keep units consistent. If you input FCF in billions, also input Net Debt in billions.

Scale: in billions

Market price per share

USD

Current trading price of one share (e.g., 245.74).

Diluted shares outstanding

Weighted average diluted shares. Units follow the selected scale (e.g. 15.5 with 'Billions' = 15.5 bn shares). Example: Apple ≈ 15–16 bn.

FCF₀ (Free Cash Flow to the Firm, today)

USD (in billions)

Use TTM or last FY. DIY: FCF ≈ Cash From Operations (CFO) − CapEx (from cash flow statement).

Net Debt (Debt − Cash)

USD (in billions)

From balance sheet: Total Debt minus Cash & Equivalents. If unknown, set 0 (rough).

Forecast years (N)

How many years you project explicit FCF for (typical: 5–10).

Discount rate (r)

Required return / WACC as decimal (0.10 = 10%).

FCF growth during forecast (g)

Constant annual growth of FCF during years 1..N (0.06 = 6%).

Terminal multiple (Exit multiple)

Applied to Year-N FCF: Terminal Value = FCF(N) × Multiple (e.g., 15).

Quick sanity checks

Use the same scale for FCF and Net Debt (numbers vs millions vs billions).
Discount rate should usually be greater than long-run growth; terminal multiple should be realistic.
If results look absurd, check shares and scaling first.

Intrinsic value per share

$109

Equity Value / diluted shares

Over/Undervalued

-55.5%

(Intrinsic / Price) - 1

PV of forecast FCFs

$448,028,090,083

Sum of discounted FCFs (years 1..N)

PV of terminal value

$1,246,399,194,292

Discounted terminal value at year N

Enterprise value (EV)

$1,694,427,284,376

PV forecast + PV terminal

Equity value

$1,694,427,284,376

EV − Net Debt

Valuation range

Fair band: ±10% around Intrinsic

Intrinsic

Price

LowFairHigh

Low boundary

98.39

Intrinsic

109.32

High boundary

120.25

The bar is visualized over ±30% around Intrinsic (for readability).

DCF projection table

FCF is projected with constant growth during the forecast period.

Year	FCF	Discount factor	PV(FCF)
1	$106,000,000,000	0.9091	$96,363,636,364
2	$112,360,000,000	0.8264	$92,859,504,132
3	$119,101,600,000	0.7513	$89,482,794,891
4	$126,247,696,000	0.6830	$86,228,875,077
5	$133,822,557,760	0.6209	$83,093,279,619
Terminal Value (undiscounted)			$2,007,338,366,400

Disclaimer: This tool is for informational purposes only and does not constitute investment advice.