Escolar Documentos
Profissional Documentos
Cultura Documentos
Stock Symbol
AIG
$4.26
Current EPS
Year
EPS (Projected)
Discount Factor
Discounted Value
2007
$4.86
0.96
$4.67
2008
$5.54
0.92
$5.12
2006
Current Year
14%
I n trin s ic V a lu e :
4%
Discount Rate
2009
$6.31
0.89
$5.61
2010
$7.19
0.85
$6.15
2011
$8.20
0.82
$6.74
2012
$9.35
0.79
$7.39
$ 7 3 .0 6
2013
$10.66
0.76
$8.10
2014
$12.15
0.73
$8.88
2015
$13.85
0.70
$9.73
Note: This assum es EPS growth rate remains constant throughout the 10 years
In certain cases, you m ay want to lower or increase the growth rate after a few years.
Intrinsic Value Calculator
(Discounted Earnings Per Share Method 10 years)
$18.00
$16.00
$14.00
Row 11
Row 13
Value
$12.00
$10.00
$8.00
$6.00
$4.00
$2.00
$0.00
2007
2008
2009
2010
2011
2012
Year
2013
2014
2015
2016
$18.00
$16.00
$14.00
Row 11
Row 13
Value
$12.00
$10.00
$8.00
$6.00
$4.00
$2.00
$0.00
2007
2008
2009
2010
2011
2012
Year
2013
2014
2015
2016
0
9
5
5
2011
$8.20
0.82
$6.74
2012
$9.35
0.79
$7.39
2013
$10.66
0.76
$8.10
2014
$12.15
0.73
$8.88
2015
$13.85
0.70
$9.73
ue Calculator
er Share Method 10 years)
2012
Year
2013
2014
2015
2016
2016
$15.79
0.68
$10.67
ue Calculator
er Share Method 10 years)
2012
Year
2013
2014
2015
2016
Nike
P V o f 1 0 y r C a s h flo w s
Stock Symbol
NKE
I n t r in s ic V a lu e p e r s h a r e
$ 1 9 , 2 m2 0i
$ 7 3 .3
$1,514.00 millions
9.51%
Current Year
262.0 millions
Year
2007
C a s h F lo w ( P r o je c te d ) $ 1 ,6 5 7 .9 8
D is c o u n t F a c to r
0 .9 5
D is c o u n te d V a lu e
$ 1 ,5 7 9 .0 3
2008
$ 1 ,8 1 5 .6 6
0 .9 1
$ 1 ,6 4 6 .8 5
2009
$ 1 ,9 8 8 .3 2
0 .8 6
$ 1 ,7 1 7 .5 9
2006
5%
Discount Rate
2010
$ 2 ,1 7 7 .4 1
0 .8 2
$ 1 ,7 9 1 .3 6
2011
$ 2 ,3 8 4 .4 9
0 .7 8
$ 1 ,8 6 8 .3 1
2012
$ 2 ,6 1 1 .2 5
0 .7 5
$ 1 ,9 4 8 .5 6
2013
$ 2 ,8 5 9 .5 8
0 .7 1
$ 2 ,0 3 2 .2 5
2014
$ 3 ,1 3 1 .5 3
0 .6 8
$ 2 ,1 1 9 .5 4
2015
$ 3 ,4 2 9 .3 3
0 .6 4
$ 2 ,2 1 0 .5 8
Note: This assum es EPS growth rate rem ains constant throughout the 10 years
In certain cases, you m ay want to lower or increase the growth rate after a few years.
Value
Row 13
Row 15
2008
2009
2010
2011
Year
2012
2013
2014
2015
2016
2016
$ 3 ,7 5 5 .4 6
0 .6 1
$ 2 ,3 0 5 .5 3
Value
Row 13
Row 15
2008
2009
2010
2011
Year
2012
2013
2014
2015
2016
011
8 4 .4 9
78
6 8 .3 1
P V o f 1 0 y r C a s h f lo w s
$ 1 9 , 2 m2 0i l l i o n
I n t r in s ic V a lu e p e r s h a r e
$ 7 3 .3 6
2012
$ 2 ,6 1 1 .2 5
0 .7 5
$ 1 ,9 4 8 .5 6
2013
$ 2 ,8 5 9 .5 8
0 .7 1
$ 2 ,0 3 2 .2 5
2014
$ 3 ,1 3 1 .5 3
0 .6 8
$ 2 ,1 1 9 .5 4
2015
$ 3 ,4 2 9 .3 3
0 .6 4
$ 2 ,2 1 0 .5 8
2016
$ 3 ,7 5 5 .4 6
0 .6 1
$ 2 ,3 0 5 .5 3