DCF Calculator
Free DCF calculator for quick intrinsic value estimates. Enter 5-year free cash flow, WACC, terminal value assumptions, net debt, and shares outstanding.
View all free toolsValuation output
Values shown in millions unless noted.
Implied share price
$168
Forecast FCF present values
Y1
90.91
Y2
90.91
Y3
90.16
Y4
88.79
Y5
86.93
DCF formula and how to use it
DCF value equals the present value of projected free cash flows plus the present value of terminal value. Enterprise value less net debt equals equity value. Equity value divided by shares outstanding gives implied share price.
Forecast PV
FCF₁/(1+r)¹ + ... + FCF₅/(1+r)⁵
Terminal value
FCF₅ × (1+g) / (r-g) or FCF₅ × exit multiple
Share price
(Enterprise value - net debt) / shares outstanding
Need a full DCF model?
This calculator is built for quick generic DCF math. For a full Excel model with statements, scenarios, and output schedules, use the templates below.
Alex Tapio
Founder of Finamodel • Professional Financial Modeller • Ex-Deloitte
Frequently asked questions
A discounted cash flow valuation estimates business value by projecting future free cash flow and discounting it back to today using a required return, usually WACC.
Terminal value captures the value after the explicit forecast period. This calculator supports the Gordon growth method and an exit multiple method.
In a perpetuity growth formula, WACC must exceed terminal growth. If terminal growth is equal to or above WACC, the formula becomes undefined or economically unrealistic.
No. This is a generic DCF calculator for quick valuation math. Enter your own FCF, debt, cash, share count, WACC, and terminal assumptions.
Build a full valuation model
Download free Excel financial model templates for deeper DCF analysis, sensitivity tables, and scenario planning.
Keep modeling
Related financial calculators and templates
Use these next-step tools and Excel templates to turn the quick calculation into a more complete finance workflow.