Comcast Corporation (CMCSA)
Discount cash flow analysis
Sensitivity matrix
-1% |
Discount Rate % 0% |
1% |
||
---|---|---|---|---|
-1% | $13.22 | $12.95 | $12.68 | |
Terminal Growth% | 0 | $13.27 | $13.00 | $12.72 |
+1% | $13.32 | $13.05 | $12.77 |
How does a change in discount rate or terminal growth affect valuation?
This table shows the sensitivity of the valuation to two key variables - the discount rate and the terminal growth rate
Valuations and comments
- Valuecruncher created a new valuation of $53.35 (overvalued by 20.73%) - over 1 year ago
- SethWellbourne created a new valuation of $13.60 (overvalued by 0.37%) - 9 years ago
- afi created a new valuation of $13.00 (overvalued by 0.23%) - 9 years ago
- GordonGekko created a new valuation of $12.98 (undervalued by 11.61%) - 9 years ago
- TheCrunchBlog created a new valuation of $23.70 (undervalued by 50.38%) - over 9 years ago
- italianvilla created a new valuation of $11.74 (overvalued by 25.51%) - over 9 years ago
Comments
The boring details
All amounts in millions | Figures |
Enterprise Value: | 225,068 |
Net Debt (Long-term borrowings less cash): | 31,202 |
Equity Value: | 37,534 |
Number of Shares Outstanding: | 2,880,000,000 |
Calculated value per share: | $13.00 |
Enterprise Value is the present value of the post-tax cash flows for a business into the future.

Where:
- C1, C2, C3 - the cash flow in period 1, 2, 3, ...
- r - the discount rate
To capture the cash flows into the future a terminal value is calculated via a perpetuity calculation -
based on the final years forecast post-tax free cash flow.

Where:
- Cn - the cash flow in the final forecast period.
- LTG - the long-term growth rate
- r - the discount rate
- g - the terminal growth rate
The Capital Asset Pricing Model (CAPM) is used to determine the equity component in the discount rate.

Where:
- rt - the risk free rate
- t - the tax rate
- B - the beta of the company
- MRP - the Market Risk Premium
Valuecruncher uses an estimate of Weighted Average Cost of Capital (WACC) to determine the discount rate in the calculation.