Part of Nvidia Analysis
Nvidia DCF
A standalone DCF model for Nvidia, including projected free cash flow, terminal value, capital structure bridge, and sensitivity analysis.
Enterprise value
$258.5B
DCF output
Implied share price
$99.70
After net debt bridge
Terminal value share
90.3%
Of enterprise value
Written Analysis
A standalone DCF model for Nvidia, including projected free cash flow, terminal value, capital structure bridge, and sensitivity analysis.
- 1
Converted operating forecasts into intrinsic value.
The DCF calculates projected free cash flow, discounts it, and adds a terminal value to produce a $258.5B enterprise value. After subtracting $8.6B of net debt and dividing by 2.5B fully diluted shares, the implied DCF price is $99.70 per share.
- 2
Showed that most value comes from the terminal period.
The model's present value of terminal value is $233.3B, while the present value of forecast-period free cash flow is $25.2B. That means 90.3% of enterprise value comes from terminal value, proving the conclusion is driven primarily by long-term growth and exit assumptions.
- 3
Framed the downside versus the market price.
The model calculates a 79.5% downside to the current share price under its assumptions. The sensitivity table still stays well below the market price across the modeled WACC and growth cases, which shows how demanding Nvidia's public valuation was relative to this DCF.