WACC
PREDICTABILITY
GROWTH WINDOWS
FCF PROJECTION
SENSITIVITY
PER-YEAR CASH FLOWS
| Year | CF | Discount factor | PV | Cumulative PV |
|---|---|---|---|---|
| 1 | -64.05 | 0.9415 | -60.30 | -60.30 |
| 2 | -65.33 | 0.8864 | -57.91 | -118.21 |
| 3 | -66.64 | 0.8345 | -55.61 | -173.82 |
| 4 | -67.97 | 0.7857 | -53.40 | -227.22 |
| 5 | -69.33 | 0.7397 | -51.28 | -278.51 |
| 6 | -70.72 | 0.6964 | -49.25 | -327.76 |
| 7 | -72.13 | 0.6557 | -47.29 | -375.05 |
| 8 | -73.57 | 0.6173 | -45.42 | -420.47 |
| 9 | -75.04 | 0.5812 | -43.61 | -464.08 |
| 10 | -76.55 | 0.5472 | -41.88 | -505.97 |
| 11 | -78.46 | 0.5151 | -40.42 | -546.38 |
| 12 | -80.42 | 0.4850 | -39.00 | -585.39 |
| 13 | -82.43 | 0.4566 | -37.64 | -623.03 |
| 14 | -84.49 | 0.4299 | -36.32 | -659.35 |
| 15 | -86.60 | 0.4047 | -35.05 | -694.40 |
| 16 | -88.77 | 0.3811 | -33.83 | -728.23 |
| 17 | -90.99 | 0.3588 | -32.64 | -760.87 |
| 18 | -93.26 | 0.3378 | -31.50 | -792.38 |
| 19 | -95.60 | 0.3180 | -30.40 | -822.78 |
| 20 | -97.99 | 0.2994 | -29.34 | -852.11 |
REVERSE DCF
At $3224.00, 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.