Irish Calculators
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Stock DCF Valuation per Share Calculator

Discount your forecast free cash flows to the firm and terminal value, then adjust for debt and excess cash. This is a DCF scenario using your inputs, with no live company accounts or automatic discount rate.

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Your numbers

Year-end FCFF before financing. At least one year; same currency as debt and cash.
%
Weighted average cost of capital for FCFF.
%
Must be below the discount rate.
Display currency only. Convert all inputs to this currency before calculation.
Your figures stay on this device.

How the calculation works

This DCF model first values the operating business using free cash flows to the firm, then adjusts for debt and excess cash to estimate equity value per share. It depends on the forecasts and discount assumptions entered rather than a company-name lookup.

Enterprise value = discounted forecast FCFF + discounted terminal value. Terminal = final FCFF × (1+g)/(r−g). Equity = enterprise − debt + excess cash; divide by shares.

  1. Discount the explicit forecast

    Each annual cash flow is brought back to today using its year number. Later cash flows receive more discounting under a positive rate.

  2. Add continuing value

    The final forecast is grown once, then divided by discount rate minus perpetual growth. This terminal value is itself discounted from the final forecast year.

  3. Bridge from enterprise to equity

    Subtract the entered debt claims, add excess cash and divide by shares outstanding. The debt and cash must not already be duplicated in the operating flows.

Worked example: Check Scenario value per share

Sample inputs demonstrate the method. They are not a forecast or product offer.

The first example forecasts annual cash flow 100 with zero perpetual growth and a 10% discount rate. Discounted first-year cash plus the continuing value totals 1,000; with no debt or excess cash, 100 shares imply a value of 10 each.

Forecast annual free cash flows to the firm
100
Annual effective discount rate (%)
10
Perpetual growth after final forecast (%)
0
Gross debt claims to subtract
0
Excess cash to add
0
Shares outstanding
100
Currency for all amounts
Euro (EUR)

Expected result

Scenario value per share
€10.00
Worked example: Check Scenario value per share

Sample inputs demonstrate the method. They are not a forecast or product offer.

Forecast annual free cash flows to the firm
100
Annual effective discount rate (%)
10
Perpetual growth after final forecast (%)
0
Gross debt claims to subtract
200
Excess cash to add
50
Shares outstanding
100
Currency for all amounts
Euro (EUR)

Expected result

Scenario value per share
€8.50

Understanding your result

The per-share value is conditional on the forecast structure. It is not a target price established from current financial statements or observed market multiples.

Terminal value can dominate the estimate. Comparing nearby growth and discount assumptions exposes that sensitivity more clearly than displaying extra decimal places.

Questions you might have

What does the result include?

Estimate equity value per share from your enterprise cash-flow scenarios, discount rate, debt and cash.

Which limits should I check?

No live accounts, market quotes or automatic discount-rate estimate. Terminal growth can dominate the result.

Choosing the right inputs

Forecast annual free cash flows to the firm
Enter annual year-end cash flows before financing payments. Do not use shareholder cash flows already reduced by debt service in this enterprise-value calculation.
Annual effective discount rate
Use an enterprise discount rate consistent with those cash flows. A cost of equity is not automatically the appropriate rate for cash flows to all capital providers.
Perpetual growth after final forecast
Perpetual growth begins after the last explicit forecast and must remain below the discount rate. A narrow gap can make terminal value extremely sensitive.

Common mistakes to avoid

  • Do not subtract debt service in the cash flows and then subtract the same debt balance again.
  • Share counts and monetary amounts must use compatible units, such as actual amounts throughout rather than mixing millions and individual shares.

Assumptions to check

  • No live accounts, market quotes or automatic discount-rate estimate. Terminal growth can dominate the result.
  • All calculations run on your device. Figures are scenarios based on your inputs, not investment recommendations.

Sources and method

Read our calculation and testing approach.