YOUR TRAINING WORKSPACE
Valuation & Modelling Lab
Change an assumption. Trace the mechanics. Build a defensible range with transparent educational models—not black-box valuations.
DCF assumptions
Model outputs
Calculated instantly from the inputs at left.
Terminal value at year 5 ($m)
515.5
Present value of terminal ($m)
320.1
Enterprise value ($m)
450.4
Equity value ($m)
375.4
Implied share price ($)
18.8
Terminal / enterprise value (%)
71.1
Assumptions & limits
Five end-of-year cash flows, constant operating ratios and a perpetuity terminal value. NWC uses incremental revenue. Final-year FCF is grown directly into perpetuity: check steady-state reinvestment consistency. No NCI, preferred stock, leases or other adjustments. Tax losses are not modelled.
Five-year operating forecast
All amounts in $ millions. End-of-year discounting.
| Year | Revenue | EBIT | UFCF | PV of UFCF |
|---|---|---|---|---|
| 1 | 216 | 47.5 | 29.7 | 27 |
| 2 | 233.3 | 51.3 | 32.1 | 26.5 |
| 3 | 251.9 | 55.4 | 34.7 | 26 |
| 4 | 272.1 | 59.9 | 37.4 | 25.6 |
| 5 | 293.9 | 64.7 | 40.4 | 25.1 |
WACC × terminal growth sensitivity
Implied enterprise value ($m); invalid combinations are excluded.
| WACC / g | 1% | 2% | 3% |
|---|---|---|---|
| 9% | 465.6 | 516.8 | 585 |
| 10% | 412 | 450.4 | 499.7 |
| 11% | 369.2 | 398.8 | 435.8 |
Saved scenarios
Compare assumptions over time. Your saved models are private.
No saved scenarios yet. Change the assumptions, give the scenario a name, and save it.