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NCM · Valuation Lab
WULF
TeraWulf Inc.
Last$18.07
Market cap9B
EV/EBITDA-83.5x
Intrinsic value
$0.00
MoS +0.0% · Fairly Valued
Assuming 15.0% FCF margin and -1.1% Y1–5 growth.
Upside to price
EV (DCF)164.7M
Terminal share28%
Expected IV$0.00
Probability weights
Projected free cash flows
Stage FCF path with present values · terminal 28% of EV
PV of stage FCFs119.4M
PV of terminal value45.3M
Enterprise value164.7M
Net cash / (debt)-2.7B
Equity value-2.5B
Intrinsic value / share$0.00
| Year | Revenue | FCF | PV | DF |
|---|---|---|---|---|
| Y1 | 166.2M | 24.9M | 21.5M | 86.2% |
| Y2 | 164.4M | 24.7M | 18.3M | 74.3% |
| Y3 | 162.6M | 24.4M | 15.6M | 64.1% |
| Y4 | 160.8M | 24.1M | 13.3M | 55.2% |
| Y5 | 159M | 23.9M | 11.4M | 47.6% |
| Y6 | 162.2M | 24.3M | 10M | 41.0% |
| Y7 | 165.4M | 24.8M | 8.8M | 35.4% |
| Y8 | 168.8M | 25.3M | 7.7M | 30.5% |
| Y9 | 172.1M | 25.8M | 6.8M | 26.3% |
| Y10 | 175.6M | 26.3M | 6M | 22.7% |
| Terminal | — | — | 45.3M | — |
Educational DCF model only — not financial advice. Terminal value and assumptions dominate results; verify filings and run your own diligence.