DCF calculator from the SEC filings
Pick a company and the figures fill in from its own filings. You set the growth and the return you ask for; the calculator shows what that makes a share worth.
- Companies of the S&P 1500
- Figures from SEC filings
Three steps to a value
- Pick a companyIts figures come from its 10-K and 10-Q filings with the SEC.
- Set your assumptionsGrowth for the coming years and the return you ask for.
- See what it is worthValue per share, a sensitivity table and how the figure was reached.
Calculating OFIX from its filings at today's price…
How to read the result
How much rests on the far future
When most of the value comes from after year 10, the result rests on what you assume about a future nobody can see. Treat it with more caution.
Compare with the other model
The two models answer different questions. When they disagree, ask which assumption drives the gap.
Watch how it works
A walkthrough for beginners, with Apple as the example: where the numbers come from, what each field means, and how to read the result.
What is a DCF?
A discounted cash flow valuation. It estimates what a business is worth today from the cash it is expected to produce in the future, discounted at the return an investor asks for.
How is the value calculated?
Cash flows (DCF): the free cash flow of the last twelve months grows at your first rate for five years and at your second for five more. After year 10 it grows forever at the long-run rate. Every year's cash, and the value of everything after year 10, is brought back to today at the return you ask for, counted from the middle of each year, because a company takes in its cash through the year, not on its last day. Net debt comes off, and the rest is divided by the number of shares.
Multiples: a figure per share (earnings, free cash flow or book value) grows at your rate, slowing each year by the slowdown you set, for the years you choose. At the end the share is priced at the multiple you set (P/E, P/FCF or P/B), and the dividends paid on the way are added. Both are brought back to today at the return you ask for.
Where do the figures come from?
Free cash flow, earnings, debt, cash and share count come from each company's 10-K and 10-Q filings at the SEC, the same filings our analyses read. An analysis does more with them: it also subtracts preferred stock, minority interests and retirement and pension obligations, adds long-term investments and stakes in other companies, takes stock-based pay and the interest earned on cash out of the cash flow, and counts the shares that options and convertibles would add. So the two can give different values.
The past growth shown next to each field is the company's own, over up to five fiscal years.
The figures are worked out when you open the company, at the price of the date shown.
Why do the starting values matter so little?
They are only a place to start: the company's own past growth, capped at 15% a year, its own median multiple over the last five years, and a 9% return. The calculator is yours to change, and the result follows your assumptions, not ours.
Is the result a recommendation?
No. It is arithmetic on the assumptions you set. It is not personalised advice and not a recommendation to buy, sell or hold.
Related pages
The other pages on US stocks, free to read. On the company pages, the last three fiscal years are open to everyone, five with a free account, and every year with Ploutos Investor.
A calculator: it computes from the assumptions you set. It is not a valuation by Ploutos AI.