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DuPont de Nemours Inc – Plastics Material and Resin Manufacturing
DuPont is a global innovation leader with technology-based materials, ingredients and solutions that help transform industries and everyday life. DuPont applies diverse science and expertise to help customers advance their best ideas and deliver essential innovations in key markets including electronics, transportation, construction, water, health and wellness, food and worker safety.
Analysis Results
Intrinsic Value $75.47
Latest Price $67.60
Relative Value 10% undervalued
Thoughts on this result? Let us know.
Cash Flow (Billions)
Analysis Parameters
New Ticker
Analysis Details
Growth Rate Projection

An exponential growth model was fit to the past cash flow data, giving more weight to more recent years. This model determined a growth rate estimate of -3.4%.

Weighted Average Cost of Capital (WACC)

The calculated WACC is 8.3%. This value is used as the default discount rate.

Value of Future Flows

Assuming a growth rate of -3.4%, the cash flows for the next 5 years are projected.

The present value of each year's flow is adjusted to present value using the discount rate.

Year Future flow (billion) Present value (billion)
2023 2.78 2.57
2024 2.68 2.29
2025 2.59 2.04
2026 2.5 1.82
2027 2.42 1.62
Terminal Value

Assuming a growth rate after the projection years of 2.0%, the terminal value of the company would be 39.2 billion. This corresponds to a present value of 24.3 billion.

Intrinsic Value Per Share

The total present value of the projected cash flows is 10.3 billion. Adding in the terminal value gives a total present value of 34.6 billion.

There are presently 459.0 million outstanding shares, so the intrinsic value per share is 75.47.

Financial Statements

The following data was to determine the past cash flows.

Current Assets 11,270,000,000
Current Cash 4,964,000,000
Current Liabilities 3,733,000,000
Current Debt 300,000,000
Non-Cash Working Capital (NCWC) 2,873,000,000
Change in NCWC 931,000,000
EBIT 2,097,000,000
Tax Provision 387,000,000
Depreciation and Amortization 1,180,000,000
Capital Expenditure -743,000,000
Unlevered Free Cash Flow 2,904,544,889
Current Assets 8,065,000,000
Current Cash 2,011,000,000
Current Liabilities 4,262,000,000
Current Debt 150,000,000
Non-Cash Working Capital (NCWC) 1,942,000,000
Change in NCWC -1,697,000,000
EBIT 2,746,000,000
Tax Provision 392,000,000
Depreciation and Amortization 1,458,000,000
Capital Expenditure -891,000,000
Unlevered Free Cash Flow 1,125,821,493
Current Assets 10,877,000,000
Current Cash 2,544,000,000
Current Liabilities 4,699,000,000
Current Debt 5,000,000
Non-Cash Working Capital (NCWC) 3,639,000,000
Change in NCWC -304,000,000
EBIT 1,852,000,000
Tax Provision -23,000,000
Depreciation and Amortization 3,094,000,000
Capital Expenditure -1,194,000,000
Unlevered Free Cash Flow 3,448,000,000
Current Assets 9,999,000,000
Current Cash 1,540,000,000
Current Liabilities 8,346,000,000
Current Debt 3,830,000,000
Non-Cash Working Capital (NCWC) 3,943,000,000
Change in NCWC -10,131,000,000
EBIT 2,872,000,000
Tax Provision 140,000,000
Depreciation and Amortization 3,195,000,000
Capital Expenditure -2,497,000,000
Unlevered Free Cash Flow -6,561,000,000
Current Assets 49,603,000,000
Current Cash 13,616,000,000
Current Liabilities 24,715,000,000
Current Debt 2,802,000,000
Non-Cash Working Capital (NCWC) 14,074,000,000
Change in NCWC 688,000,000
EBIT 9,973,000,000
Tax Provision 1,489,000,000
Depreciation and Amortization 5,918,000,000
Capital Expenditure -3,977,000,000
Unlevered Free Cash Flow 9,898,596,213
Current Assets 49,893,000,000
Current Cash 14,394,000,000
Current Liabilities 26,128,000,000
Current Debt 4,015,000,000
Non-Cash Working Capital (NCWC) 13,386,000,000
Change in NCWC 8,031,000,000
EBIT 5,690,000,000
Tax Provision -476,000,000
Depreciation and Amortization 3,969,000,000
Capital Expenditure -3,878,000,000
Unlevered Free Cash Flow 13,812,000,000
Current Assets 23,659,000,000
Current Cash 6,607,000,000
Current Liabilities 12,604,000,000
Current Debt 907,000,000
Non-Cash Working Capital (NCWC) 5,355,000,000
Change in NCWC -323,000,000
EBIT 5,527,000,000
Tax Provision 9,000,000
Depreciation and Amortization 2,862,000,000
Capital Expenditure -3,804,000,000
Unlevered Free Cash Flow 4,250,728,076
Current Assets 24,475,000,000
Current Cash 8,577,000,000
Current Liabilities 11,215,000,000
Current Debt 995,000,000
Non-Cash Working Capital (NCWC) 5,678,000,000
Change in NCWC -2,287,000,000
EBIT 6,628,000,000
Tax Provision 2,147,000,000
Depreciation and Amortization 2,521,000,000
Capital Expenditure -3,703,000,000
Unlevered Free Cash Flow 1,725,936,958
Current Assets 24,267,000,000
Current Cash 5,654,000,000
Current Liabilities 11,593,000,000
Current Debt 945,000,000
Non-Cash Working Capital (NCWC) 7,965,000,000
Change in NCWC -241,000,000
EBIT 6,349,000,000
Tax Provision 1,426,000,000
Depreciation and Amortization 2,747,000,000
Capital Expenditure -3,620,000,000
Unlevered Free Cash Flow 3,515,403,798
Current Assets 24,977,000,000
Current Cash 5,940,000,000
Current Liabilities 11,971,000,000
Current Debt 1,140,000,000
Non-Cash Working Capital (NCWC) 8,206,000,000
Change in NCWC -735,000,000
EBIT 5,288,000,000
Tax Provision 1,988,000,000
Depreciation and Amortization 2,681,000,000
Capital Expenditure -2,302,000,000
Unlevered Free Cash Flow 3,386,946,502
Current Assets 23,684,000,000
Current Cash 4,318,000,000
Current Liabilities 11,493,000,000
Current Debt 1,068,000,000
Non-Cash Working Capital (NCWC) 8,941,000,000
Change in NCWC 1,309,000,000
EBIT 4,483,000,000
Tax Provision 565,000,000
Depreciation and Amortization 2,698,000,000
Capital Expenditure -2,614,000,000
Unlevered Free Cash Flow 4,354,741,741

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