A DCF estimate can fall even when the cash-flow forecast improves. A higher discount rate, weaker long-term assumptions, or a less favorable equity bridge can outweigh the improvement. The useful next step is to compare the old and new inputs and change one assumption at a time. Try this prediction before looking at the results: … Read more
To calculate trailing 12-month free cash flow, add the latest year-to-date figure to the previous full fiscal year, then subtract the previous year's matching year-to-date figure. Apply the same calculation separately to operating cash flow and capital expenditures, using a consistent definition. The important detail is the period above each column. A cash-flow statement in … Read more
Only if its cash-flow definition matches the calculator and the starting period is suitable for your forecast. Stock Metric Lab’s free DCF calculator uses free cash flow to the firm (FCFF), discounted at the weighted average cost of capital (WACC). A reported or calculated operating-cash-flow-minus-capex figure needs a reconciliation before it can serve as that … Read more
NVIDIA, AMD, and Broadcom offer three different paths into AI infrastructure. Compare their growth, margins, free cash flow, ROIC, valuation assumptions, and risks.
AMD’s latest results show a company changing scale: quarterly revenue reached $11.5 billion and Data Center revenue more than doubled year over year. The harder question is whether that growth will become durable free cash flow per diluted share—and whether the return on the capital and research required to produce it can justify the expectations … Read more