Discounted Free Cash Flow Rechner

DCF Verfahren wählen:

DCF Mode:

Terminal Anzeige Anzahl:

Währung:

Einheit:

DCF Model Einstellungen:

Forecasts in Mrd.:

Equity Discount Rate:

Terminal Growth Rate:

Debt Rate:

Tax Rate:

Equity Total in Mrd.:

Debt Total in Mrd.:

Net Debt in Mrd.:

Aktien Stückzahl in Mrd.:

Forecast Value

Discounted Forecast Value

Terminal Value

Discounted Terminal Value

Free Cash Flow Discountierung

Forecast Value

621.064 Mrd. $

WACC

6.83 %

Discounted Forecast Value

499.764 Mrd. $

Discounted Terminal Value

3147.73 Mrd. $

Net Debt

-65.22 Mrd. $

Equity Value

3712.714 Mrd. $

Enterprise Value

3647.494 Mrd. $

Fairer Aktienkurs

304.57 $

\begin{aligned} & WACC \:\:\:&=& r_{Debt} &*& ( 1 - s_{Tax}) &*& \frac{Debt}{Equity + Debt} &+& r_{Equity} &*& \frac{Equity}{Equity + Debt} \\ \\ \\ & &=& 0.03 &*& ( 1 - 0.164) &*& \frac{125.172}{325.084 + 125.172} &+& 0.085 &*& \frac{325.084}{325.084 + 125.172} \\ \\ \\ \\ & &=& 6.83 \text{ \%} \end{aligned}

\begin{aligned} & PV_{Equity} &=& PV_{Enterprise} &-& PV_{Debt} \\ \\ \\ & &\approx& PV_{Enterprise} &-& Net\:Debt \\ \\ \\ & &=& \sum_{t=1}^{n} \frac{FCF_t}{(1 + WACC)^t} &+& \frac{FCF_n * (1 + g)}{(1 + WACC)^n * (WACC - g)} &-& Net\:Debt \\ \\ \\ & &=& \sum_{t=1}^{5} \frac{FCF_t}{(1 + 0.0683)^t} &+& \frac{FCF_{5} * (1 + 0.03)}{(1 + 0.0683)^{5} * (0.0683 - 0.03)} &-& (-65.22) \\ \\ \\ & &=& 499.764 &+& 3147.73 &-& (-65.22) \\ \\ \\ \\ & &=& 3712.714 \text{ Mrd. \$} \end{aligned}