Back to 0QZ4.L Overview
LSE · Valuation Lab
0QZ4.L
Delta Air Lines, Inc.
Last$93.70
Market cap—
EV/EBITDA10.4x
Intrinsic value
$130.00
MoS +27.9% · Undervalued
Assuming 4.1% FCF margin and 18.7% Y1–5 growth.
Upside to price
EV (DCF)105.6B
Terminal share63%
Expected IV$147.58
Probability weights
Projected free cash flows
Stage FCF path with present values · terminal 63% of EV
PV of stage FCFs39.5B
PV of terminal value66.1B
Enterprise value105.6B
Net cash / (debt)-16.4B
Equity value89.2B
Intrinsic value / share$130.00
| Year | Revenue | FCF | PV | DF |
|---|---|---|---|---|
| Y1 | 81.1B | 3.3B | 3B | 91.6% |
| Y2 | 96.2B | 3.9B | 3.3B | 83.9% |
| Y3 | 114.2B | 4.7B | 3.6B | 76.9% |
| Y4 | 135.6B | 5.6B | 3.9B | 70.4% |
| Y5 | 160.9B | 6.6B | 4.3B | 64.5% |
| Y6 | 176B | 7.2B | 4.3B | 59.1% |
| Y7 | 192.6B | 7.9B | 4.3B | 54.1% |
| Y8 | 210.7B | 8.6B | 4.3B | 49.6% |
| Y9 | 230.5B | 9.5B | 4.3B | 45.4% |
| Y10 | 252.2B | 10.3B | 4.3B | 41.6% |
| Terminal | — | — | 66.1B | — |
Educational DCF model only — not financial advice. Terminal value and assumptions dominate results; verify filings and run your own diligence.