Free cash flow in year 2025 |
£1,680,261,340 |
Terminal value in year 2025, (£1,680,261,340/[10% - 3%]) |
£24,003,733,423 |
Present terminal value discounted at 10% |
£14,904,429,916 |
Sum of present value of free cash flows |
£6,082,768,415 |
Value of company operations (£6,082,768,415 + £14,904,429,916) |
£20,987,198,330 |
+ Add cash & cash equivalents |
£2,969,000,000 |
- Less total interest-bearing debts |
£6,231,000,000 |
Business intrinsic value |
£17,725,198,330 |
Business intrinsic value per share |
£14.10 |