Intrinsic Value Calculator (Discounted Earnings Per Share Method 10 years

(Be consistent with the denominations used. Usually Millions $)

KEY IN THE VALUES IN WHITE BOX

Name of Stock mmc corporation Intrinsic Value: $45.68

Stock Symbol MMCCORP

Current EPS $2.80 Current Year 2014 NB: Take the last Fiscal Year as the Current Y

EPS Growth Rate 12% Discount Rate 3% NB: Use the 3 months US Treasury Rate

Year 2015 2016 2017 2018 2019 2020 2021 2022 2023
EPS (Projected) $3.14 $3.51 $3.93 $4.41 $4.93 $5.53 $6.19 $6.93 $7.76
Discount Factor 0.97 0.94 0.92 0.89 0.86 0.84 0.81 0.79 0.77
Discounted Value $3.04 $3.31 $3.60 $3.91 $4.26 $4.63 $5.03 $5.47 $5.95

Note: This assumes EPS growth rate remains constant throughout the 10 years
In certain cases, you may want to lower or increase the growth rate after a few years.

Intrinsic Value Calculator

(Discounted Earnings Per Share Method 10 years)
$10.00
$9.00 EPS(Projected)
Discounted
Value

$8.00
Value
$7.00
$6.00
$5.00
$4.00
$3.00
$2.00
$1.00
$0.00
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Year
ted Earnings Per Share Method 10 years)
nominations used. Usually Millions $)

NB: Take the last Fiscal Year as the Current Year

NB: Use the 3 months US Treasury Rate

8 2019 2020 2021 2022 2023 2024

41 $4.93 $5.53 $6.19 $6.93 $7.76 $8.70
9 0.86 0.84 0.81 0.79 0.77 0.74
91 $4.26 $4.63 $5.03 $5.47 $5.95 $6.47

lculator
ngs Per Share Method 10 years)

2020 2021 2022 2023 2024

Year
 Intrinsic Value Calculator (Discounted Cash Flow Method 10 years)
(Be consistent with the denominations used. Usually Millions $)

KEY IN THE VALUES IN WHITE BOX

Name of Stock Nike

PV of 10 yr Cash flows $19,220 mil
Stock Symbol NKE
Intrinsic Value per share $73.36
Operating Cash Flow (current) $1,514.00 millions

Cash flow growth rate 9.51% Current Year 2006 NB: Take the last Fiscal Year as t

No. of Shares Outstanding 262.0 millions Discount Rate 5% NB: Use the 3 months US Treasu

Year 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Cash Flow (Projected) $1,657.98 $1,815.66 $1,988.32 $2,177.41 $2,384.49 $2,611.25 $2,859.58 $3,131.53 $3,429.33 $3,755.46
Discount Factor 0.95 0.91 0.86 0.82 0.78 0.75 0.71 0.68 0.64 0.61
Discounted Value $1,579.03 $1,646.85 $1,717.59 $1,791.36 $1,868.31 $1,948.56 $2,032.25 $2,119.54 $2,210.58 $2,305.53

Note: This assumes EPS growth rate remains constant throughout the 10 years
In certain cases, you may want to lower or increase the growth rate after a few years.

Intrinsic Value Calculator

(Discounted Cash Flow Method 10 years)
$4,000
Value

$3,500 Cash
Flow(Projected)
$3,000
Discounted Value
$2,500
$2,000
$1,500
$1,000
$500
$0
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Year
counted Cash Flow Method 10 years)
enominations used. Usually Millions $)

PV of 10 yr Cash flows $19,220 million

Intrinsic Value per share $73.36

NB: Take the last Fiscal Year as the Current Year

NB: Use the 3 months US Treasury Rate

11 2012 2013 2014 2015 2016

84.49 $2,611.25 $2,859.58 $3,131.53 $3,429.33 $3,755.46
78 0.75 0.71 0.68 0.64 0.61
68.31 $1,948.56 $2,032.25 $2,119.54 $2,210.58 $2,305.53