WACC
PREDICTABILITY
GROWTH WINDOWS
FCF PROJECTION
SENSITIVITY
PER-YEAR CASH FLOWS
| Year | CF | Discount factor | PV | Cumulative PV |
|---|---|---|---|---|
| 1 | 21.23 | 0.8823 | 18.73 | 18.73 |
| 2 | 24.42 | 0.7784 | 19.01 | 37.74 |
| 3 | 28.08 | 0.6868 | 19.28 | 57.02 |
| 4 | 32.29 | 0.6060 | 19.57 | 76.59 |
| 5 | 37.13 | 0.5346 | 19.85 | 96.44 |
| 6 | 42.71 | 0.4717 | 20.14 | 116.59 |
| 7 | 49.11 | 0.4162 | 20.44 | 137.03 |
| 8 | 56.48 | 0.3672 | 20.74 | 157.76 |
| 9 | 64.95 | 0.3240 | 21.04 | 178.81 |
| 10 | 74.69 | 0.2858 | 21.35 | 200.15 |
| 11 | 76.56 | 0.2522 | 19.31 | 219.46 |
| 12 | 78.47 | 0.2225 | 17.46 | 236.92 |
| 13 | 80.43 | 0.1963 | 15.79 | 252.71 |
| 14 | 82.45 | 0.1732 | 14.28 | 266.99 |
| 15 | 84.51 | 0.1528 | 12.91 | 279.90 |
| 16 | 86.62 | 0.1348 | 11.68 | 291.58 |
| 17 | 88.78 | 0.1190 | 10.56 | 302.14 |
| 18 | 91.00 | 0.1050 | 9.55 | 311.70 |
| 19 | 93.28 | 0.0926 | 8.64 | 320.33 |
| 20 | 95.61 | 0.0817 | 7.81 | 328.14 |
REVERSE DCF
At $623.79, the market implies a stage-1 growth rate of 25.0%.
MARKET IMPLIES
25.0%
YOUR ASSUMPTION
15.0%
DELTA
+10.0pp
If $623.79 is correct and your other inputs (WACC 13.3%, 10+10y, terminal 2.5%) hold, the market needs META to grow cash flow at 25.0% annually for the next 10 years.