WACC
PREDICTABILITY
GROWTH WINDOWS
FCF PROJECTION
SENSITIVITY
PER-YEAR CASH FLOWS
| Year | CF | Discount factor | PV | Cumulative PV |
|---|---|---|---|---|
| 1 | -58.19 | 0.9422 | -54.83 | -54.83 |
| 2 | -59.35 | 0.8878 | -52.69 | -107.52 |
| 3 | -60.54 | 0.8365 | -50.64 | -158.16 |
| 4 | -61.75 | 0.7881 | -48.67 | -206.83 |
| 5 | -62.99 | 0.7426 | -46.77 | -253.60 |
| 6 | -64.25 | 0.6997 | -44.95 | -298.56 |
| 7 | -65.53 | 0.6592 | -43.20 | -341.76 |
| 8 | -66.84 | 0.6211 | -41.52 | -383.28 |
| 9 | -68.18 | 0.5853 | -39.90 | -423.18 |
| 10 | -69.54 | 0.5514 | -38.35 | -461.53 |
| 11 | -71.28 | 0.5196 | -37.04 | -498.56 |
| 12 | -73.06 | 0.4895 | -35.77 | -534.33 |
| 13 | -74.89 | 0.4613 | -34.54 | -568.88 |
| 14 | -76.76 | 0.4346 | -33.36 | -602.24 |
| 15 | -78.68 | 0.4095 | -32.22 | -634.46 |
| 16 | -80.65 | 0.3858 | -31.12 | -665.57 |
| 17 | -82.66 | 0.3635 | -30.05 | -695.63 |
| 18 | -84.73 | 0.3425 | -29.02 | -724.65 |
| 19 | -86.85 | 0.3227 | -28.03 | -752.68 |
| 20 | -89.02 | 0.3041 | -27.07 | -779.75 |
REVERSE DCF
At $2850.00, no stage-1 growth rate in [-20%, +50%] produces this price. The market implies growth > 50% — likely a pricing signal (acquisition, bubble, short-term news) rather than a DCF-defensible level.