DCF calculator

The calculator suggests one from your industry and company age. Established public companies often sit around 8–12%, while venture-backed startups are commonly discounted at 20–40% or more to reflect the risk that the plan doesn't happen. If you have a specific rate from an investor or advisor, type it over the suggestion.

Profit is an accounting measure. Free cash flow is the cash actually left after running the business and paying for capital investment. They can differ a lot for companies that are investing heavily or carry big receivables. If you only know net profit, it's a reasonable first input.

Because a business keeps making money long after a five-year forecast ends. That part is called the terminal value. It's normal for it to be large, but it means the result leans heavily on the long-term growth and discount rates. The sensitivity table in the PDF report shows how much the value moves if either is off by a point.

Only partly. With little or negative cash flow, a DCF has nothing solid to project, so professional valuations of early startups lean on market comparables, recent priced rounds and the backsolve method instead. Our valuation team picks the mix that fits your stage.

Enterprise value: the value of the operating business. To get equity value, subtract debt and add cash on the balance sheet.