Intrinsic Value Calculator (DCF Model)

Projected Free Cash Flow to Firm (FCFF)

Valuation Assumptions & Equity Details

Discount Rate & Growth:

Must be less than WACC and typically not higher than long-term nominal GDP growth.

Balance Sheet Adjustments & Shares:

If company has more cash than debt, enter this as a negative number (e.g., -10000000 for $10M net cash).

DCF Analysis Results for Your Company

Enter details in previous tabs and click "Calculate Intrinsic Value" to see the analysis.

Understanding Your DCF Valuation:
  • The Discounted Cash Flow (DCF) model estimates a company's intrinsic value based on the present value of its expected future free cash flows to the firm (FCFF).
  • Projected FCFFs: Your estimates of future cash generation by the company.
  • Terminal Value (TV): Represents the value of all cash flows beyond the explicit projection period, calculated using the perpetual growth model. It often forms a significant part of the total value.
  • WACC (Discount Rate): The Weighted Average Cost of Capital reflects the riskiness of the company and its cash flows. A higher WACC leads to a lower present value.
  • Perpetual Growth Rate: The assumed long-term sustainable growth rate of FCFFs beyond the projection period. Must be less than WACC.
  • Enterprise Value (EV): The sum of the present values of projected FCFFs and the present value of the Terminal Value. It represents the total value of the company's core business operations to all capital providers (debt and equity).
  • Equity Value: EV minus Net Debt (Total Debt - Cash & Cash Equivalents). If the company has net cash, this effectively adds to the Equity Value.
  • Intrinsic Value per Share: Equity Value divided by the number of shares outstanding. This can be compared to the current market price per share.
Important Disclaimer: DCF results are highly sensitive to the assumptions made (FCFF projections, WACC, perpetual growth rate). Small changes in these inputs can significantly alter the estimated intrinsic value. This tool is for informational and educational purposes only and does not constitute financial or investment advice. Always use DCF analysis as one of several valuation methods and conduct thorough due diligence.

Number of Projection Years: ${inputs.numProjectionYears}

Discount Rate (WACC): ${dcf_formatPercentage(assumptions.wacc)}

Perpetual Growth Rate: ${dcf_formatPercentage(assumptions.perpetualGrowthRate)}

Net Debt: ${dcf_formatCurrency(balanceSheet.netDebt)}

Shares Outstanding: ${dcf_formatNumber(balanceSheet.sharesOutstanding,0)}

II. Projected Free Cash Flows (FCFF) & Present Values
${fcffTablePdf}
III. Terminal Value Calculation

Last Projected FCFF (Year ${inputs.numProjectionYears}): ${dcf_formatCurrency(results.fcff_n)}

FCFF for TV Calculation (Year ${inputs.numProjectionYears + 1}): ${dcf_formatCurrency(results.fcff_n_plus_1)}

Terminal Value (at end of Year ${inputs.numProjectionYears}): ${dcf_formatCurrency(results.terminalValue_at_year_n)}

Present Value of Terminal Value: ${dcf_formatCurrency(results.pvTerminalValue)}

IV. Valuation Summary

Enterprise Value (EV): ${dcf_formatCurrency(results.enterpriseValue)}

Equity Value: ${dcf_formatCurrency(results.equityValue)}

Intrinsic Value per Share: ${dcf_formatCurrency(results.intrinsicValuePerShare)}

Important Notes: ${interpretationNote_pdf}
Generated on: ${pdfCreationTimestamp}.
`; document.body.appendChild(pdfContentEl); html2canvas(pdfContentEl, { scale: 2, useCORS: true, logging:true, windowWidth: pdfContentEl.scrollWidth, windowHeight: pdfContentEl.scrollHeight }).then(canvas => { const imgData = canvas.toDataURL('image/png'); const pdfWidth = pdf.internal.pageSize.getWidth(); const pdfHeight = pdf.internal.pageSize.getHeight(); let numPages = Math.ceil(canvas.height / ( (pdfHeight - 40) * (canvas.width / (pdfWidth - 40)) ) ); let pageCanvasHeight = (pdfHeight - 40) * (canvas.width / (pdfWidth - 40)); for (let i = 0; i < numPages; i++) { if (i > 0) pdf.addPage(); let sourceY = i * pageCanvasHeight; let sourceHeight = Math.min(pageCanvasHeight, canvas.height - sourceY); const tempCanvas = document.createElement('canvas'); tempCanvas.width = canvas.width; tempCanvas.height = sourceHeight; const ctx = tempCanvas.getContext('2d'); ctx.drawImage(canvas, 0, sourceY, canvas.width, sourceHeight, 0, 0, canvas.width, sourceHeight); const pageImgData = tempCanvas.toDataURL('image/png'); const pageImgHeight = (sourceHeight * (pdfWidth - 40)) / canvas.width; pdf.addImage(pageImgData, 'PNG', 20, 20, pdfWidth - 40, pageImgHeight, undefined, 'FAST'); } pdf.save(`${(inputs.companyName || "DCF_Analysis").replace(/[^a-z0-9]/gi, '_')}.pdf`); if(document.body.contains(pdfContentEl)) document.body.removeChild(pdfContentEl); }).catch(err => { console.error("DCF PDF Error:", err); alert("Error generating DCF PDF. See console."); if(document.body.contains(pdfContentEl)) document.body.removeChild(pdfContentEl); }); } document.addEventListener('DOMContentLoaded', function() { dcf_generateFcffInputs(); // Initialize with default number of FCFF inputs dcf_openTab({}, 'dcf_tab_fcff'); // Set some default values for quicker testing const waccEl = document.getElementById('dcf_wacc'); if (waccEl && !waccEl.value) waccEl.value = '9.0'; const pgrEl = document.getElementById('dcf_perpetualGrowthRate'); if (pgrEl && !pgrEl.value) pgrEl.value = '2.5'; const netDebtEl = document.getElementById('dcf_netDebt'); if (netDebtEl && !netDebtEl.value) netDebtEl.value = '100000000'; // $100M const sharesEl = document.getElementById('dcf_sharesOutstanding'); if (sharesEl && !sharesEl.value) sharesEl.value = '50000000'; // 50M shares // Default FCFFs for 5 years const defaultFcffs = [10000000, 11000000, 12100000, 13310000, 14641000]; // Example growth for(let i=1; i<=5; i++) { const fcffEl = document.getElementById(`dcf_fcff_year_${i}`); if(fcffEl && !fcffEl.value) fcffEl.value = defaultFcffs[i-1] || ''; } if (!document.getElementById('dcf_numProjectionYears')) { console.error("Critical input 'dcf_numProjectionYears' not found."); } });
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