Free cash flow in year 2026 |
£1,980,606,478 |
Terminal value in year 2026, (£1,980,606,478/[10% - 3%]) |
£28,294,378,263 |
Present terminal value discounted at 10% |
£17,568,582,786 |
Sum of present value of free cash flows |
£6,984,675,350 |
Value of company operations (£6,984,675,350 + £17,568,582,786) |
£24,553,258,136 |
+ Add cash & cash equivalents |
£12,899,000,000 |
- Less total interest-bearing debts |
£6,808,000,000 |
Business intrinsic value |
£30,644,258,136 |
Business intrinsic value per share |
£25.02 |