Intrinsic Value Calculator (Discounted Earnings Per Share Method 10 years

(Be consistent with the denominations used. Usually Millions $)

KEY IN THE VALUES IN WHITE BOX

Name of Stock HAL Intrinsic Value: $45.68

Stock Symbol HAL

Current EPS $2.80 Current Year 2014 NB: Take the last Fiscal Year as the Current Y

EPS Growth Rate 12% Discount Rate 3% NB: Use the 3 months US Treasury Rate

Year 2015 2016 2017 2018 2019 2020 2021 2022 2023
EPS (Projected) $3.14 $3.51 $3.93 $4.41 $4.93 $5.53 $6.19 $6.93 $7.76
Discount Factor 0.97 0.94 0.92 0.89 0.86 0.84 0.81 0.79 0.77
Discounted Value $3.04 $3.31 $3.60 $3.91 $4.26 $4.63 $5.03 $5.47 $5.95

Note: This assumes EPS growth rate remains constant throughout the 10 years
In certain cases, you may want to lower or increase the growth rate after a few years.

Intrinsic Value Calculator

(Discounted Earnings Per Share Method 10 years)
$10.00
$9.00 EPS(Projected)
Value

$8.00 Discounted Value

$7.00
$6.00
$5.00
$4.00
$3.00
$2.00
$1.00
$0.00
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Year
ted Earnings Per Share Method 10 years)
nominations used. Usually Millions $)

NB: Take the last Fiscal Year as the Current Year

NB: Use the 3 months US Treasury Rate

18 2019 2020 2021 2022 2023 2024

41 $4.93 $5.53 $6.19 $6.93 $7.76 $8.70
9 0.86 0.84 0.81 0.79 0.77 0.74
91 $4.26 $4.63 $5.03 $5.47 $5.95 $6.47

sic Value Calculator

ngs Per Share Method 10 years)

2020 2021 2022 2023 2024

Year
 Intrinsic Value Calculator (Discounted Cash Flow Method 10 years)
(Be consistent with the denominations used. Usually Millions $)

KEY IN THE VALUES IN WHITE BOX

Name of Stock HAL

PV of 10 yr Cash flows $2,049,706 mil
Stock Symbol HAL
Intrinsic Value per share $3,063.8
Operating Cash Flow (current) $82,260.00 millions

Cash flow growth rate 26.00% Current Year 2024 NB: Take the last Fiscal Year as t

No. of Shares Outstanding 669.0 millions Discount Rate 9% NB: Use the 3 months US Treasu

Year 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034
Cash Flow (Projected) $103,647.60 $130,595.98 $164,550.93 $207,334.17 $261,241.06 $329,163.73 $414,746.30 $522,580.34 $658,451.23 $829,648.55
Discount Factor 0.92 0.85 0.78 0.72 0.67 0.61 0.56 0.52 0.48 0.44
Discounted Value $95,527.74 $110,935.44 $128,828.26 $149,607.01 $173,737.17 $201,759.29 $234,301.11 $272,091.62 $315,977.36 $366,941.45

Note: This assumes EPS growth rate remains constant throughout the 10 years
In certain cases, you may want to lower or increase the growth rate after a few years.

Intrinsic Value Calculator

(Discounted Cash Flow Method 10 years)
$1,000,000
Value

Cash Flow(Projected)
$800,000
Discounted Value
$600,000
$400,000
$200,000
$0
2025 2026 2027 2028 2029 2030 2031 2032 2033 2034
Year
counted Cash Flow Method 10 years)
enominations used. Usually Millions $)

PV of 10 yr Cash flows $2,049,706 million

Intrinsic Value per share $3,063.84

NB: Take the last Fiscal Year as the Current Year

NB: Use the 3 months US Treasury Rate

29 2030 2031 2032 2033 2034

241.06 $329,163.73 $414,746.30 $522,580.34 $658,451.23 $829,648.55
67 0.61 0.56 0.52 0.48 0.44
737.17 $201,759.29 $234,301.11 $272,091.62 $315,977.36 $366,941.45