Tool · Discounted cash flow

DCF calculator

A driver-based discounted cash flow, with the sensitivity grid that actually decides the answer.

Academic exercise. Not investment advice. This is a simplified driver model with constant growth and margin, so it will not reproduce the year-by-year forecast on the Northrop Grumman page. The defaults use FY2024 public figures and assumptions from the 25 April 2025 USC Global Investment Society pitch; every field is editable.

Inputs

[1]

Operating

Last actual revenue

Revenue growth

EBIT margin

Tax rate

D&A

% rev

Capital expenditure

% rev

Change in NWC

% of Δrev

Forecast years

yrs

Valuation

WACC

Terminal growth

Exit EV/EBITDA

Net debt

Shares outstanding

Default input basis

Inputs	Basis
Revenue, EBIT margin, D&A, net debt and shares	Northrop Grumman FY2024 filing and Capital IQ
Revenue growth, tax, WACC, terminal growth and exit multiple	Assumptions used in the 25 April 2025 USC Global Investment Society pitch
Capital expenditure and change in NWC	Simplified calculator assumptions; these are not the original model's year-by-year forecasts

Default data source: Northrop Grumman FY2024 filing, Capital IQ and the USC Global Investment Society pitch. As of 25 April 2025.

Value

[2]

—Per share, perpetuity
—Per share, exit multiple
—Average

Terminal value as a share of enterprise value is the number worth watching. Above roughly three quarters, the answer is mostly an assumption about the far future rather than about the forecast.

The forecast

[3]

Sensitivity

[4]

WACC across, terminal growth down, both in 25 basis point steps around your inputs. Shaded against the per-share value at your base case: green above, red below. The base case is outlined.

Academic exercise. Not investment advice. No figure produced here is a recommendation, and this page stores nothing and sends nothing.