Valuation models > Enterprise valuation > Fundamental (10yr)

Details |
---|

Use this calculator to estimate the intrinsic value of shares.
Value the firm's operating assets using its fundamental growth rate. Then adjust to get the value per share. This model assumes NOPAT will grow at the fundamental rate for five years before declining to the stable growth rate. The fundamental growth rate is defined as the Reinvestment rate x ROIC. Enter inputs below and click the Calculate button.
Make sure your units are consistent (millions, billions, etc.) |

Inputs | Value |
---|---|

Invested capital, operating assets | |

Debts, total | |

Cash, equivalents and short-term investments | |

Investments and other non-operating assets | |

Non-controllling interests | |

Employee options, total value | |

Number of shares outstanding |

Assumptions | Value |
---|---|

Return on invested capital (ROIC), % | |

Reinvestment rate, % | |

Weighted-average cost of capital (WACC), % | |

Stable growth rate, % | |

Stable ROIC, % |

Calculations | Value |
---|---|

Net operating profit after tax (NOPAT) | |

Free cash flow to the firm (FCFF) | |

Payout ratio, % | |

Fundamental growth rate of NOPAT, % | |

Stable ROIC, % | |

Stable payout ratio, % |

Year | Growth | NOPAT | Payout ratio | FCFF | Discount factor | Present value |
---|---|---|---|---|---|---|

TTM | - | - | - | |||

1 | ||||||

2 | ||||||

3 | ||||||

4 | ||||||

5 | ||||||

6 | ||||||

7 | ||||||

8 | ||||||

9 | ||||||

10 | ||||||

Stable | - |

Value of operating assets | |

(-) Debts | |

(+) Cash and equivalents | |

(+) Investments | |

(-) Employee options | |

(-) Non-controlling interests | |

(=) Value of equity | |

(รท) Number of shares | |

(=) Value per share |