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Discounted Free Cash Flow Calculator

Select DCF method:

WACC mode: Use for companies with debt capital.

Equity mode: For pure equity value - suitable for companies with no debt capital such as purely equity-financed start-ups or venture capital companies.

Terminal display number: Only affects the display of the number of years of the terminal value in the bar chart and has no influence on the calculation. The terminal value is always calculated on the basis of the perpetuity.

DCF model settings:

Please enter all required parameters for the DCF analysis.

Forecasts: Explicitly estimated cash flows of the company - enter as a sequence of numbers separated by spaces in the field. The number of years is freely selectable.

Discounted Free Cash Flow Calculator

Forecast Value
Discounted Forecast Value
Terminal Value
Discounted Terminal Value

Free Cash Flow Discounting

621.064 Mrd. $
6.83 %
499.764 Mrd. $
3147.73 Mrd. $

Present value valuation

-65.22 Mrd. $
3712.714 Mrd. $
3647.494 Mrd. $
304.57 $

Present Value Free Cash Flow Calculations

WACC   =rDebt∗(1−sTax)∗DebtEquity+Debt+rEquity∗EquityEquity+Debt=0.03∗(1−0.164)∗125.172325.084+125.172+0.085∗325.084325.084+125.172=6.83 % \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}PVEquity=PVEnterprise−PVDebt≈PVEnterprise−Net Debt=∑t=1nFCFt(1+WACC)t+FCFn∗(1+g)(1+WACC)n∗(WACC−g)−Net Debt=∑t=15FCFt(1+0.0683)t+FCF5∗(1+0.03)(1+0.0683)5∗(0.0683−0.03)−(−65.22)=499.764+3147.73−(−65.22)=3712.714 Mrd. $ \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}