WACC
PREDICTABILITY
GROWTH WINDOWS
FCF PROJECTION
SENSITIVITY
PER-YEAR CASH FLOWS
| Year | CF | Discount factor | PV | Cumulative PV |
|---|---|---|---|---|
| 1 | 21.41 | 0.8843 | 18.93 | 18.93 |
| 2 | 24.62 | 0.7819 | 19.25 | 38.18 |
| 3 | 28.31 | 0.6914 | 19.58 | 57.76 |
| 4 | 32.56 | 0.6114 | 19.91 | 77.67 |
| 5 | 37.45 | 0.5406 | 20.24 | 97.91 |
| 6 | 43.06 | 0.4781 | 20.59 | 118.50 |
| 7 | 49.52 | 0.4227 | 20.93 | 139.44 |
| 8 | 56.95 | 0.3738 | 21.29 | 160.72 |
| 9 | 65.49 | 0.3305 | 21.65 | 182.37 |
| 10 | 75.32 | 0.2923 | 22.01 | 204.39 |
| 11 | 77.20 | 0.2585 | 19.95 | 224.34 |
| 12 | 79.13 | 0.2285 | 18.08 | 242.43 |
| 13 | 81.11 | 0.2021 | 16.39 | 258.82 |
| 14 | 83.14 | 0.1787 | 14.86 | 273.67 |
| 15 | 85.21 | 0.1580 | 13.47 | 287.14 |
| 16 | 87.35 | 0.1397 | 12.20 | 299.35 |
| 17 | 89.53 | 0.1236 | 11.06 | 310.41 |
| 18 | 91.77 | 0.1093 | 10.03 | 320.43 |
| 19 | 94.06 | 0.0966 | 9.09 | 329.52 |
| 20 | 96.41 | 0.0854 | 8.24 | 337.76 |
REVERSE DCF
At $593.00, the market implies a stage-1 growth rate of 23.8%.
MARKET IMPLIES
23.8%
YOUR ASSUMPTION
15.0%
DELTA
+8.8pp
If $593.00 is correct and your other inputs (WACC 13.1%, 10+10y, terminal 2.5%) hold, the market needs META to grow cash flow at 23.8% annually for the next 10 years.