WACC
PREDICTABILITY
GROWTH WINDOWS
FCF PROJECTION
SENSITIVITY
PER-YEAR CASH FLOWS
| Year | CF | Discount factor | PV | Cumulative PV |
|---|---|---|---|---|
| 1 | 2.24 | 0.8321 | 1.87 | 1.87 |
| 2 | 2.58 | 0.6924 | 1.79 | 3.65 |
| 3 | 2.97 | 0.5762 | 1.71 | 5.36 |
| 4 | 3.41 | 0.4795 | 1.64 | 7.00 |
| 5 | 3.92 | 0.3990 | 1.56 | 8.56 |
| 6 | 4.51 | 0.3320 | 1.50 | 10.06 |
| 7 | 5.19 | 0.2763 | 1.43 | 11.49 |
| 8 | 5.97 | 0.2299 | 1.37 | 12.86 |
| 9 | 6.86 | 0.1913 | 1.31 | 14.18 |
| 10 | 7.89 | 0.1592 | 1.26 | 15.43 |
| 11 | 8.09 | 0.1325 | 1.07 | 16.50 |
| 12 | 8.29 | 0.1102 | 0.91 | 17.42 |
| 13 | 8.50 | 0.0917 | 0.78 | 18.20 |
| 14 | 8.71 | 0.0763 | 0.66 | 18.86 |
| 15 | 8.93 | 0.0635 | 0.57 | 19.43 |
| 16 | 9.15 | 0.0528 | 0.48 | 19.91 |
| 17 | 9.38 | 0.0440 | 0.41 | 20.32 |
| 18 | 9.61 | 0.0366 | 0.35 | 20.67 |
| 19 | 9.85 | 0.0305 | 0.30 | 20.97 |
| 20 | 10.10 | 0.0253 | 0.26 | 21.23 |
REVERSE DCF
At $217.98, 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.