DCF Valuation
Unlevered DCF with mid-year discounting; exit at Year 5 — FCFF after the exit year sits in terminal value
Scenario
EV $149,107,612
Equity $245,260,416
WACC 18.0%
g 3.0%
Exit 10.0x
TV: Perpetuity g
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Edits update every KPI on this page instantly. Terminal method decides whether terminal growth (g) or the exit multiple drives Enterprise Value — Blended uses a 50/50 average of both. Reset restores Master Inputs defaults.
Enterprise Value (Perpetuity)
$149,107,612
Enterprise Value (Exit)
$225,849,938
10.0x × Y5 EBITDA
Equity Value
$245,260,416
WACC
18.0%
Terminal Growth
3.0%
Terminal % of EV
57.9%
healthy
Discounted Cash Flow (mid-year)
| FY2026 | FY2027 | FY2028 | FY2029 | FY2030 | |
|---|---|---|---|---|---|
| Unlevered FCFF | 13,980,753 | 14,294,602 | 18,405,594 | 23,214,057 | 28,740,298 |
| Discount Period (years) | 50.00% | 150.00% | 250.00% | 350.00% | 450.00% |
| Discount Factor | 92.06% | 78.01% | 66.11% | 56.03% | 47.48% |
| PV of FCFF | 12,870,326 | 11,151,905 | 12,168,718 | 13,006,607 | 13,646,530 |
Perpetuity-Growth Terminal (primary)
Y5 FCFF$28,740,298
× (1 + g)1.030
Terminal FCFF (Y6)$29,602,507
÷ (WACC − g)15.0%
Terminal Value (Y5)$197,350,049
× Discount Factor0.4371
PV of Terminal Value$86,263,525
Sum of PV of FCFF$62,844,086
+ PV of Terminal$86,263,525
Enterprise Value$149,107,612
+ Cash (Y5)$96,152,805
− Debt (Y5)-
Equity Value$245,260,416
Exit-Multiple Terminal (cross-check)
Y5 EBITDA$37,291,790
× Exit Multiple10.0x
Terminal Value (Y5)$372,917,901
PV of Terminal$163,005,851
Enterprise Value (Exit)$225,849,938
Cross-check delta vs perpetuity: $76,742,326
WACC Build
Risk-Free Rate4.3%
Beta (β)1.00
Equity Risk Premium5.5%
Size Premium5.0%
Company-Specific RP5.3%
Cost of Equity (Ke)20.0%
Pre-Tax Cost of Debt10.0%
Tax Rate25.0%
Equity / Debt Weights95.0% / 5.0%
WACC18.0%