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DCF Valuation
Base-case fair value
$200.58
Intrinsic $267.44 · 25% MOS
Current price: $537.37
Base-case summary
Our base-case DCF for Advanced Micro Devices Inc (AMD) projects 10 years of free cash flow growth at 20.0% for years 1–5 and 10.0% for years 6–10, anchored to 21.6% historical FCF growth, then applies a 2.5% perpetual growth rate and a 8.0% discount rate. Starting from $8.6B in trailing free cash flow, this produces an intrinsic value of $267.44 per share. A 25% safety margin gives a fair value of $200.58, suggesting the stock is currently 63% overvalued against the $537.37 market price.
See 3 scenarios side by side
Conservative, Base, and Optimistic fair values, plus the sensitivity matrix and FCF history. Free account.
Model inputs
TTM Free Cash Flow
$8.6B
Cash & equivalents
$12.3B
Total debt
$3.9B
Shares outstanding
1.6B