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NMS · Valuation Lab
TER
Teradyne, Inc.
Last$389.39
Market cap60.9B
EV/EBITDA40.3x
Intrinsic value
$40.35
MoS -865.0% · Overvalued
Assuming 9.8% FCF margin and 10.0% Y1–5 growth.
Upside to price
EV (DCF)6.1B
Terminal share42%
Expected IV$42.15
Probability weights
Projected free cash flows
Stage FCF path with present values · terminal 42% of EV
PV of stage FCFs3.5B
PV of terminal value2.5B
Enterprise value6.1B
Net cash / (debt)254.7M
Equity value6.3B
Intrinsic value / share$40.35
| Year | Revenue | FCF | PV | DF |
|---|---|---|---|---|
| Y1 | 4.9B | 481.2M | 425.3M | 88.4% |
| Y2 | 5.4B | 529.3M | 413.5M | 78.1% |
| Y3 | 5.9B | 582.3M | 401.9M | 69.0% |
| Y4 | 6.5B | 640.5M | 390.8M | 61.0% |
| Y5 | 7.2B | 704.6M | 379.9M | 53.9% |
| Y6 | 7.5B | 739.8M | 352.5M | 47.7% |
| Y7 | 7.9B | 776.8M | 327.1M | 42.1% |
| Y8 | 8.3B | 815.6M | 303.6M | 37.2% |
| Y9 | 8.7B | 856.4M | 281.7M | 32.9% |
| Y10 | 9.2B | 899.2M | 261.4M | 29.1% |
| Terminal | — | — | 2.5B | — |
Educational DCF model only — not financial advice. Terminal value and assumptions dominate results; verify filings and run your own diligence.