DCF calculator

Enter annual free cash flows or a growth path. Calculate present values, terminal value and enterprise value, with an optional equity bridge.

YOUR CASH-FLOW SCENARIO

The starting numbers are a fictional teaching example. Replace them with your own cash flows and assumptions.

Cash-flow input method Year 1 cash flow + annual growth Enter each annual cash flow

Forecast horizon (years)WACC (%)Terminal growth (%)

Year 1 free cash flowAnnual forecast growth (%)

All values use your chosen monetary unit. Year 1 is the first forecast cash flow; it is not grown again before discounting.

Include a simplified equity and per-share bridge

Inputs and results stay in this page. Nothing is saved or sent to a company-data service. Optional analytics records tool interactions only, after consent; it does not receive your numbers.

Enter a cash-flow scenario to see annual present values, terminal value and enterprise value.

Your entered scenario

Enterprise valueIn the same monetary units as your cash flows

PV of forecast cash flows
PV of terminal value

Annual cash-flow discounting

Year-end timing, constant WACC
Year	Free cash flow	Discount factor	Present value

Inspect the terminal calculation

Next-year continuing cash flow:

Terminal value at forecast end:

FCF_N × (1 + g) / (WACC − g)

Enterprise-value sensitivity

— marks a combination outside the calculator’s rate restrictions. WACC must exceed terminal growth. A sensitivity grid shows scenarios, not probabilities or trade recommendations.

What this calculator assumes

Unlevered free cash flow, annual year-end timing, constant WACC and a stable-growth terminal value. WACC must be positive and greater than terminal growth; the horizon is 1–30 years. No company financials or current stock prices are fetched.

This is an educational calculation, not investment advice. Read the valuation method and sources, see how the Excel template works, or try the free linked workbook.