Company name

Scenario 1 Cashflow 2021 2022 2023 2024 2025 2026

normal case 0.00 0.00 0.00 0.00 0.00 0.00
in EUR PV(10%) 0.00 0.00 0.00 0.00 0.00 0.00
INTRINSIC VALUE 0.00

Scenario 2 Cashflow 2021 2022 2023 2024 2025 2026

best case 0.00 0.00 0.00 0.00 0.00 0.00
in EUR PV(10%) 0.00 0.00 0.00 0.00 0.00 0.00
Present value sum 0.00

Scenario 3 Cashflow 2021 2022 2023 2024 2025 2026

worst case 0.00 0.00 0.00 0.00 0.00 0.00 0.00
in EUR PV(10%) 0.00 0.00 0.00 0.00 0.00 0.00
Present value sum 0.00

Scenario Probability PV Part

Scenario 1 (normal case) 0.3 0.00 0.00
Scenario 2 (best case) 0.1 0.00 0.00
Scenario 3 (worst case) 0.6 0.00 0.00
Sum 0.00

Disclaimer: This is just for educational purposes and not for investing advice!

MADE BY STOCK MARKET RESEARCH PLATFORM

 Terminal
Value Growth rate
2027 2028 2029 2030 2030 -5% next 5 years
0.00 0.00 0.00 0.00 0.00 -10% 5 to 10 years
0.00 0.00 0.00 0.00 0.00 10% Discount rate
7.0 Terminal multiple

Terminal
Value Growth rate
2027 2028 2029 2030 2030 3% next 5 years
0.00 0.00 0.00 0.00 0.00 2% 5 to 10 years
0.00 0.00 0.00 0.00 0.00 10% Discount rate
12.0 Terminal multiple

Terminal
Value Growth rate
2027 2028 2029 2030 2030 1% next 5 years
0.00 0.00 0.00 0.00 0.00 1% 5 to 10 years
0.00 0.00 0.00 0.00 0.00 10% Discount rate
9.0 Terminal multiple
 input cells
result cells

PV( %)
Tesla

Scenario 1 Cashflow 2020 billions 2021 2022 2023 2024 2025 2026
normal case 2.00 2.80 3.92 5.49 7.68 10.76 15.06
in EUR PV(10%) 2.55 3.24 4.12 5.25 6.68 8.50
INTRINSIC VALUE 572.70

Scenario 2 Cashflow 2020 billions 2021 2022 2023 2024 2025 2026
best case 2.00 3.00 4.50 6.75 10.13 15.19 21.26
in EUR PV(10%) 2.73 3.72 5.07 6.92 9.43 12.00
Present value sum 1030.59

Scenario 3 Cashflow 2020 billions 2021 2022 2023 2024 2025 2026
worst case 2.00 2.50 3.13 3.91 4.88 6.10 7.02
in EUR PV(10%) 2.27 2.58 2.93 3.34 3.79 3.96
Present value sum 160.08

Scenario Probability PV Part

Scenario 1 (normal case) 0.5 572.70 286.35
Scenario 2 (best case) 0.3 1030.59 309.18
Scenario 3 (worst case) 0.2 160.08 32.02
Sum 627.54

Disclaimer: This is just for educational purposes and not for investing advice!

MADE BY STOCK MARKET RESEARCH PLATFORM

 Terminal
Value Growth rate
2027 2028 2029 2030 2030 40% next 5 years
21.08 29.52 41.32 57.85 1239.66 40% 5 to 10 years
10.82 13.77 17.52 22.30 477.94 10% Discount rate
30.0 Terminal multiple

Terminal
Value Growth rate
2027 2028 2029 2030 2030 50% next 5 years
29.77 41.67 58.34 81.68 2333.77 40% 5 to 10 years
15.28 19.44 24.74 31.49 899.77 10% Discount rate
40.0 Terminal multiple

Terminal
Value Growth rate
2027 2028 2029 2030 2030 25% next 5 years
8.07 9.28 10.68 12.28 320.25 15% 5 to 10 years
4.14 4.33 4.53 4.73 123.47 10% Discount rate
30.0 Terminal multiple
 input cells
result cells

PV( %)
Nestle

Scenario 1 Cashflow 2020 billions 2021 2022 2023 2024 2025 2026
normal case 11.00 11.22 11.44 11.67 11.91 12.14 12.39
in EUR PV(6%) 10.58 10.19 9.80 9.43 9.08 8.73
INTRINSIC VALUE 273.09

Scenario 2 Cashflow 2020 billions 2021 2022 2023 2024 2025 2026
best case 11.00 11.44 11.90 12.37 12.87 13.38 13.78
in EUR PV(6%) 10.79 10.59 10.39 10.19 10.00 9.72
Present value sum 350.21

Scenario 3 Cashflow 2020 billions 2021 2022 2023 2024 2025 2026
worst case 11.00 11.00 11.00 11.00 11.00 11.00 11.00
in EUR PV(6%) 10.38 9.79 9.24 8.71 8.22 7.75
Present value sum 203.81

Scenario Probability PV Part

Scenario 1 (normal case) 0.6 273.09 163.85
Scenario 2 (best case) 0.2 350.21 70.04
Scenario 3 (worst case) 0.2 203.81 40.76
Sum 274.66

Disclaimer: This is just for educational purposes and not for investing advice!

MADE BY STOCK MARKET RESEARCH PLATFORM

 Terminal
Value Growth rate
2027 2028 2029 2030 2030 2% next 5 years
12.64 12.89 13.15 13.41 328.65 2% 5 to 10 years
8.40 8.09 7.78 7.49 183.52 6% Discount rate
25.0 Terminal multiple

Terminal
Value Growth rate
2027 2028 2029 2030 2030 4% next 5 years
14.20 14.62 15.06 15.51 451.89 3% 5 to 10 years
9.44 9.18 8.92 8.66 252.33 6% Discount rate
30.0 Terminal multiple

Terminal
Value Growth rate
2027 2028 2029 2030 2030 0% next 5 years
11.00 11.00 11.00 11.00 220.00 0% 5 to 10 years
7.32 6.90 6.51 6.14 122.85 6% Discount rate
20.0 Terminal multiple
 input cells
result cells

PV( %)
Kroger

Scenario 1 Cashflow 2020 billions 2021 2022 2023 2024 2025 2026
normal case 1.50 1.53 1.56 1.59 1.62 1.66 1.69
in EUR PV(10%) 1.39 1.29 1.20 1.11 1.03 0.95
INTRINSIC VALUE 20.50

Scenario 2 Cashflow 2020 billions 2021 2022 2023 2024 2025 2026
best case 1.50 1.55 1.59 1.64 1.69 1.74 1.79
in EUR PV(10%) 1.40 1.32 1.23 1.15 1.08 1.01
Present value sum 29.50

Scenario 3 Cashflow 2020 billions 2021 2022 2023 2024 2025 2026
worst case 1.50 1.50 1.50 1.50 1.50 1.50 1.47
in EUR PV(10%) 1.36 1.24 1.13 1.02 0.93 0.83
Present value sum 13.29

Scenario Probability PV Part

Scenario 1 (normal case) 0.6 20.50 12.30
Scenario 2 (best case) 0.3 29.50 8.85
Scenario 3 (worst case) 0.1 13.29 1.33
Sum 22.48

Disclaimer: This is just for educational purposes and not for investing advice!

MADE BY STOCK MARKET RESEARCH PLATFORM

 Terminal
Value Growth rate
2027 2028 2029 2030 2030 2% next 5 years
1.72 1.76 1.79 1.83 26.89 2% 5 to 10 years
0.88 0.82 0.76 0.70 10.37 10% Discount rate
15.0 Terminal multiple

Terminal
Value Growth rate
2027 2028 2029 2030 2030 3% next 5 years
1.84 1.90 1.96 2.02 48.93 3% 5 to 10 years
0.95 0.89 0.83 0.78 18.86 10% Discount rate
25.0 Terminal multiple

Terminal
Value Growth rate
2027 2028 2029 2030 2030 0% next 5 years
1.44 1.41 1.38 1.36 11.07 -2% 5 to 10 years
0.74 0.66 0.59 0.52 4.27 10% Discount rate
8.0 Terminal multiple
 input cells
result cells

PV( %)
UNILEVER PLC

Scenario 1 dividend in EUR 2021 2022 2023 2024 2025 2026

normal case 1.65 1.68 1.72 1.75 1.79 1.82 1.86
in EUR PV(5%) 1.60 1.56 1.51 1.47 1.43 1.39
INTRINSIC VALUE 38.33

Scenario 2 dividend in EUR 2021 2022 2023 2024 2025 2026

best case 1.65 1.73 1.82 1.91 2.01 2.11 2.21
in EUR PV(5%) 1.65 1.65 1.65 1.65 1.65 1.65
Present value sum 55.79

Scenario 3 dividend in EUR 2021 2022 2023 2024 2025 2026

worst case 1.65 1.62 1.58 1.55 1.52 1.49 1.46
in EUR PV(5%) 1.54 1.44 1.34 1.25 1.17 1.09
Present value sum 24.18

Scenario Probability PV Part

Scenario 1 (normal case) 0.6 38.33 23.00
Scenario 2 (best case) 0.1 55.79 5.58
Scenario 3 (worst case) 0.3 24.18 7.25
Sum 35.83

Disclaimer: This is just for educational purposes and not for investing advice!

MADE BY STOCK MARKET RESEARCH PLATFORM

 Terminal
Value Growth rate
2027 2028 2029 2030 2030 2% next 5 years
1.90 1.93 1.97 2.01 39.44 2% 5 to 10 years
1.35 1.31 1.27 1.23 24.21 5% Discount rate
20.0 Terminal multiple

Terminal
Value Growth rate
2027 2028 2029 2030 2030 5% next 5 years
2.32 2.44 2.56 2.69 63.99 5% 5 to 10 years
1.65 1.65 1.65 1.65 39.29 5% Discount rate
25.0 Terminal multiple

Terminal
Value Growth rate
2027 2028 2029 2030 2030 -2% next 5 years
1.43 1.40 1.38 1.35 20.64 -2% 5 to 10 years
1.02 0.95 0.89 0.83 12.67 5% Discount rate
15.0 Terminal multiple
 input cells
result cells

PV( %)
Lumen LINK TO FULL ANALYSIS

I am taking the dividends as cash flows because the rest is needed to pay down debt - and paying down over the next
Scenario 1 Cashflow 2020 billions 2021 2022 2023 2024 2025 2026
normal case 1.10 1.10 1.10 1.10 1.10 1.10 1.10
in EUR PV(10%) 1.00 0.91 0.83 0.75 0.68 0.62
INTRINSIC VALUE 11.00
market cap in billions

Scenario 2 Cashflow 2020 billions 2021 2022 2023 2024 2025 2026
best case 1.10 1.13 1.17 1.20 1.24 1.28 1.30
in EUR PV(10%) 1.03 0.96 0.90 0.85 0.79 0.73
Present value sum 14.63

Scenario 3 Cashflow 2020 billions 2021 2022 2023 2024 2025 2026
worst case 1.10 1.07 1.03 1.00 0.97 0.94 0.90
in EUR PV(10%) 0.97 0.86 0.75 0.67 0.59 0.51
Present value sum 7.84

Scenario Probability PV Part

Scenario 1 (normal case) 0.5 11.00 5.50
Scenario 2 (best case) 0.1 14.63 1.46
Scenario 3 (worst case) 0.4 7.84 3.14
Sum 10.10

Disclaimer: This is just for educational purposes and not for investing advice!

MADE BY STOCK MARKET RESEARCH PLATFORM

 Terminal
aying down over the next 20 years! Value Growth rate
2027 2028 2029 2030 2030 0% next 5 years
1.10 1.10 1.10 1.10 11.00 0% 5 to 10 years
0.56 0.51 0.47 0.42 4.24 10% Discount rate
10.0 Terminal multiple

Terminal
Value Growth rate
2027 2028 2029 2030 2030 3% next 5 years
1.33 1.35 1.38 1.41 17.94 2% 5 to 10 years
0.68 0.63 0.59 0.54 6.92 10% Discount rate
13.0 Terminal multiple

Terminal
Value Growth rate
2027 2028 2029 2030 2030 -3% next 5 years
0.85 0.81 0.77 0.73 5.39 -5% 5 to 10 years
0.44 0.38 0.33 0.28 2.08 10% Discount rate
7.0 Terminal multiple
 input cells
result cells

PV( %)
AMZN

Scenario 1 Cashflow 2020 billions 2021 2022 2023 2024 2025 2026
worst case 34.15 39.27 45.16 51.94 59.73 68.69 75.56
in EUR PV(10%) 35.70 37.33 39.02 40.80 42.65 42.65
INTRINSIC VALUE 1571.92

Scenario 2 Cashflow 2020 billions 2021 2022 2023 2024 2025 2026
best case 34.15 42.69 53.36 66.70 83.37 104.22 125.06
in EUR PV(10%) 38.81 44.10 50.11 56.95 64.71 70.59
Present value sum 4427.23

Scenario 3 Cashflow 2020 billions 2021 2022 2023 2024 2025 2026
normal case 34.15 42.69 53.36 66.70 83.37 104.22 116.72
in EUR PV(10%) 38.81 44.10 50.11 56.95 64.71 65.89
Present value sum 2809.17

Scenario Probability PV Part

Scenario 1 (worst case) 0.3 1571.92 471.58
Scenario 2 (best case) 0.1 4427.23 442.72
Scenario 3 (normal case) 0.6 2809.17 1685.50
Sum 2599.80

Disclaimer: This is just for educational purposes and not for investing advice!

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 Terminal
Value Growth rate
2027 2028 2029 2030 2030 15% next 5 years
83.11 91.42 100.57 110.62 3016.98 10% 5 to 10 years
42.65 42.65 42.65 42.65 1163.17 10% Discount rate
30.0 Terminal multiple

Terminal
Value Growth rate
2027 2028 2029 2030 2030 25% next 5 years
150.07 180.09 216.11 259.33 9724.75 20% 5 to 10 years
77.01 84.01 91.65 99.98 3749.31 10% Discount rate
45.0 Terminal multiple

Terminal
Value Growth rate
2027 2028 2029 2030 2030 25% next 5 years
130.73 146.42 163.99 183.67 5739.59 12% 5 to 10 years
67.09 68.31 69.55 70.81 2212.86 10% Discount rate
35.0 Terminal multiple
 input cells
result cells

PV( %)
AT&T LINK TO AT&T STOCK ANALYSIS

Scenario 1 Cashflow 2020 billions 2021 2022 2023 2024 2025 2026
worst case 28.00 26.60 25.27 24.01 22.81 21.67 19.50
in EUR PV(10%) 24.18 20.88 18.04 15.58 13.45 11.01
INTRINSIC VALUE 168.84

Scenario 2 Cashflow 2020 billions 2021 2022 2023 2024 2025 2026
best case 28.00 28.84 29.71 30.60 31.51 32.46 33.11
in EUR PV(10%) 26.22 24.55 22.99 21.52 20.15 18.69
Present value sum 358.80

Scenario 3 Cashflow 2020 billions 2021 2022 2023 2024 2025 2026
normal case 28.00 28.28 28.56 28.85 29.14 29.43 29.72
in EUR PV(10%) 25.71 23.61 21.67 19.90 18.27 16.78
Present value sum 286.66

Scenario Probability PV Part

Scenario 1 (worst case) 0.3 168.84 50.65
Scenario 2 (best case) 0.1 358.80 35.88
Scenario 3 (normal case) 0.6 286.66 172.00
Sum 258.53

Disclaimer: This is just for educational purposes and not for investing advice!

MADE BY STOCK MARKET RESEARCH PLATFORM

 Terminal
Value Growth rate
2027 2028 2029 2030 2030 -5% next 5 years
17.55 15.79 14.21 12.79 99.50 -10% 5 to 10 years
9.01 7.37 6.03 4.93 38.36 10% Discount rate
7.0 Terminal multiple

Terminal
Value Growth rate
2027 2028 2029 2030 2030 3% next 5 years
33.77 34.45 35.14 35.84 421.62 2% 5 to 10 years
17.33 16.07 14.90 13.82 162.55 10% Discount rate
12.0 Terminal multiple

Terminal
Value Growth rate
2027 2028 2029 2030 2030 1% next 5 years
30.02 30.32 30.62 30.93 275.61 1% 5 to 10 years
15.40 14.14 12.99 11.92 106.26 10% Discount rate
9.0 Terminal multiple
 input cells
result cells

PV( %)