Alphabet Inc.

GOOGL ·Technology, Information Technology Services, United States

Reverse DCF — Implied Growth Rate

See what’s priced in by the market. Typically not a useful model for financial companies (banks, insurers, etc).

FCF per share ($) Market Price ($) Projection Years Discount Rate (%)

Implied CAGR —

Formula: Implied CAGR solves: Average( Per-Share Figure × (1 + CAGR)ⁿ, for n = 1…Years ) ÷ Discount Rate = Market Price

Rule No. 1 : Never lose money. Rule No. 2 : Never forget Rule No. 1.