Discounted Cash Flow (DCF) Calculator
Value a stream of cash flows that grows at one rate for some years and another rate after, discounted to today.
Change the values and press Calculate to work out your own figures.
Enter the cash flow, discount rate and growth stages.
Show the working
- value = Σ cash flowₜ ÷ (1 + r)^t
How to use it
Enter the cash flow, discount rate and growth stages.
Enter amounts without commas or with them; rates are percentages (5 for 5%). Negative amounts are allowed where a sign means money paid out.
Key facts
value = Σ CF × (1 + g)^t ÷ (1 + r)^t over the growth years, then CF × (1 + g)^G × (1 + g′)^(t − G) ÷ (1 + r)^t
Questions
What is $1 growing 2% for 20 years then 1% for 20 years worth at 8%?
$14.98.
Formulas
value = Σ CF × (1 + g)^t ÷ (1 + r)^t over the growth years, then CF × (1 + g)^G × (1 + g′)^(t − G) ÷ (1 + r)^t
Sources
Limitations
- Results are estimates for planning, not offers or financial advice; lenders and banks may round, count days or time payments differently.
- Rates are nominal annual rates compounded as you choose; payments at a different frequency use the equivalent periodic rate.