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DCF Valuation
Base-case fair value
$139.61
Intrinsic $186.15 · 25% MOS
Base-case summary
Our base-case DCF for CDW Corp (CDW) projects 10 years of free cash flow growth at 9.5% for years 1–5 and 4.8% for years 6–10, anchored to 9.5% historical FCF growth, then applies a 2.5% perpetual growth rate and a 8.0% discount rate. Starting from $1.1B in trailing free cash flow, this produces an intrinsic value of $186.15 per share. A 25% safety margin gives a fair value of $139.61.
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
$1.1B
Cash & equivalents
$579M
Total debt
$5.8B
Shares outstanding
130M