WACC
PREDICTABILITY
GROWTH WINDOWS
FCF PROJECTION
SENSITIVITY
PER-YEAR CASH FLOWS
| Year | CF | Discount factor | PV | Cumulative PV |
|---|---|---|---|---|
| 1 | -64.39 | 0.9389 | -60.46 | -60.46 |
| 2 | -65.68 | 0.8815 | -57.89 | -118.35 |
| 3 | -66.99 | 0.8276 | -55.44 | -173.79 |
| 4 | -68.33 | 0.7770 | -53.09 | -226.88 |
| 5 | -69.70 | 0.7295 | -50.84 | -277.73 |
| 6 | -71.09 | 0.6849 | -48.69 | -326.42 |
| 7 | -72.52 | 0.6430 | -46.63 | -373.04 |
| 8 | -73.97 | 0.6037 | -44.65 | -417.69 |
| 9 | -75.45 | 0.5668 | -42.76 | -460.45 |
| 10 | -76.96 | 0.5321 | -40.95 | -501.40 |
| 11 | -78.88 | 0.4996 | -39.41 | -540.81 |
| 12 | -80.85 | 0.4690 | -37.92 | -578.73 |
| 13 | -82.87 | 0.4403 | -36.49 | -615.22 |
| 14 | -84.94 | 0.4134 | -35.12 | -650.34 |
| 15 | -87.07 | 0.3881 | -33.79 | -684.13 |
| 16 | -89.24 | 0.3644 | -32.52 | -716.65 |
| 17 | -91.48 | 0.3421 | -31.30 | -747.95 |
| 18 | -93.76 | 0.3212 | -30.12 | -778.07 |
| 19 | -96.11 | 0.3016 | -28.98 | -807.05 |
| 20 | -98.51 | 0.2831 | -27.89 | -834.94 |
REVERSE DCF
At $3102.00, 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.