WACC
PREDICTABILITY
GROWTH WINDOWS
FCF PROJECTION
SENSITIVITY
PER-YEAR CASH FLOWS
| Year | CF | Discount factor | PV | Cumulative PV |
|---|---|---|---|---|
| 1 | 1.33 | 0.8663 | 1.15 | 1.15 |
| 2 | 1.35 | 0.7505 | 1.01 | 2.16 |
| 3 | 1.38 | 0.6502 | 0.90 | 3.06 |
| 4 | 1.41 | 0.5633 | 0.79 | 3.85 |
| 5 | 1.43 | 0.4880 | 0.70 | 4.55 |
| 6 | 1.46 | 0.4228 | 0.62 | 5.17 |
| 7 | 1.49 | 0.3663 | 0.55 | 5.72 |
| 8 | 1.52 | 0.3173 | 0.48 | 6.20 |
| 9 | 1.55 | 0.2749 | 0.43 | 6.63 |
| 10 | 1.58 | 0.2382 | 0.38 | 7.00 |
| 11 | 1.62 | 0.2063 | 0.33 | 7.34 |
| 12 | 1.66 | 0.1787 | 0.30 | 7.63 |
| 13 | 1.71 | 0.1548 | 0.26 | 7.90 |
| 14 | 1.75 | 0.1342 | 0.23 | 8.13 |
| 15 | 1.79 | 0.1162 | 0.21 | 8.34 |
| 16 | 1.84 | 0.1007 | 0.18 | 8.53 |
| 17 | 1.88 | 0.0872 | 0.16 | 8.69 |
| 18 | 1.93 | 0.0756 | 0.15 | 8.84 |
| 19 | 1.98 | 0.0655 | 0.13 | 8.97 |
| 20 | 2.03 | 0.0567 | 0.11 | 9.08 |
REVERSE DCF
At $246.00, 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.