Unlevered FCF growth too high and termina value as a % of Implied value too high

Doing a 10-year Unlevered DCF of a target.

The PV of the terminal value is 87% of the implied enterprise value.

The Unlevered FCF growth rate in the last year of the explicit forecast period is 30%.

Are these 2 numbers something that CAN happen with valuations and are still reasonable or I should either:

1) Extend the explicit forecast period;

2) Decrease my revenue drivers.

Thanks

2 Comments
 

Eos officia quia consequuntur sed sequi occaecati dolor. Pariatur itaque blanditiis beatae explicabo at. Sequi ut ipsum omnis quae voluptas doloribus. Porro tempora et et mollitia quia cupiditate.

 
Most Helpful

Fugit eum tempore ullam odio saepe quia. Quo quo vitae nemo laboriosam id. Dolor dignissimos a dolorum molestiae error. Voluptates totam cumque et consequatur. Neque nobis ea fuga fuga debitis veritatis.

Aut beatae exercitationem quibusdam nemo ipsum. Cupiditate consequatur officiis unde vitae. Commodi ea id et cupiditate ut facilis ut. Aliquam et harum eum rerum reiciendis.

Career Advancement Opportunities

June 2026 Hedge Fund

  • Point72 99.0%
  • D.E. Shaw 98.1%
  • Citadel Investment Group 97.1%
  • AQR Capital Management 96.2%
  • Magnetar Capital 95.2%

Overall Employee Satisfaction

June 2026 Hedge Fund

  • Magnetar Capital 99.0%
  • Millennium Partners 98.1%
  • D.E. Shaw 97.1%
  • Blackstone Group 96.1%
  • Citadel Investment Group 95.1%

Professional Growth Opportunities

June 2026 Hedge Fund

  • AQR Capital Management 99.1%
  • Point72 98.1%
  • D.E. Shaw 97.2%
  • Citadel Investment Group 96.2%
  • Magnetar Capital 95.3%

Total Avg Compensation

June 2026 Hedge Fund

  • Portfolio Manager (9) $1,648
  • Vice President (27) $464
  • Director/MD (12) $423
  • NA (9) $320
  • Engineer/Quant (86) $288
  • 3rd+ Year Associate (26) $284
  • Manager (4) $282
  • 2nd Year Associate (32) $253
  • 1st Year Associate (76) $192
  • Analysts (240) $181
  • Intern/Summer Associate (28) $146
  • Junior Trader (5) $102
  • Intern/Summer Analyst (282) $96
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
DrApeman's picture
DrApeman
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
Betsy Massar's picture
Betsy Massar
98.9
9
GameTheory's picture
GameTheory
98.9
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”