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

3.147,73 Mrd. $

Net Debt

-65,22 Mrd. $

Equity Value

3.712,714 Mrd. $

Enterprise Value

3.647,494 Mrd. $

Fairer Aktienkurs

304,57 $

\begin{aligned} & WACC \:\:\:&\text{ = }& r_{Debt} &\text{ * }& ( 1 - s_{Tax}) &\text{ * }& \frac{Debt}{Equity + Debt} &\text{ + }& r_{Equity} &\text{ * }& \frac{Equity}{Equity + Debt} \\ \\ & &\text{ = }& 0,03 &\text{ * }& ( 1 - 0,164) &\text{ * }& \frac{125,172}{325,084 + 125,172} &\text{ + }& 0,085 &\text{ * }& \frac{325,084}{325,084 + 125,172} \\ \\ & &\text{ = }& 6,83 \text{ \%} \end{aligned} \\ \begin{aligned} \\ \\ \\ & PV_{Equity} &\text{ = }& PV_{Enterprise} &\text{ - }& PV_{Debt} \\ \\ & &\text{ }\approx\text{ }& PV_{Enterprise} &\text{ - }& Net\:Debt \\ \\ & &\text{ = }& \sum_{t=1}^{n} \frac{FCF_t}{(1 + WACC)^t} &\text{ + }& \frac{FCF_n * (1 + g)}{(1 + WACC)^n * (WACC - g)} &\text{ - }& Net\:Debt \\ \\ & &\text{ = }& \sum_{t=1}^{5} \frac{FCF_t}{(1 + 0,068)^t} &\text{ + }& \frac{FCF_{5} * (1 + 0,03)}{(1 + 0,068)^{5} * (0,068 - 0,03)} &\text{ - }& (-65,22) \\ \\ & &\text{ = }& 499,764 &\text{ + }& 3.147,73 &\text{ - }& (-65,22) \\ \\ & &\text{ = }& 3.712,714 \text{ Mrd. \$} \end{aligned}