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NYQ · Valuation Lab
T
AT&T Inc.
Last$23.06
Market cap158B
EV/EBITDA7.3x
Intrinsic value
$20.66
MoS -11.6% · Fairly Valued
Assuming 8.0% FCF margin and 2.3% Y1–5 growth.
Upside to price
EV (DCF)289.7B
Terminal share71%
Expected IV$21.69
Probability weights
Projected free cash flows
Stage FCF path with present values · terminal 71% of EV
PV of stage FCFs83.8B
PV of terminal value205.9B
Enterprise value289.7B
Net cash / (debt)-148.2B
Equity value141.6B
Intrinsic value / share$20.66
| Year | Revenue | FCF | PV | DF |
|---|---|---|---|---|
| Y1 | 130.2B | 10.4B | 9.8B | 94.3% |
| Y2 | 133.2B | 10.7B | 9.5B | 89.0% |
| Y3 | 136.2B | 10.9B | 9.1B | 84.0% |
| Y4 | 139.4B | 11.1B | 8.8B | 79.2% |
| Y5 | 142.6B | 11.4B | 8.5B | 74.7% |
| Y6 | 145.4B | 11.6B | 8.2B | 70.5% |
| Y7 | 148.3B | 11.9B | 7.9B | 66.5% |
| Y8 | 151.3B | 12.1B | 7.6B | 62.7% |
| Y9 | 154.3B | 12.3B | 7.3B | 59.2% |
| Y10 | 157.4B | 12.6B | 7B | 55.8% |
| Terminal | — | — | 205.9B | — |
Educational DCF model only — not financial advice. Terminal value and assumptions dominate results; verify filings and run your own diligence.