A DCF (Discounted Cash Flow) estimates what a stock is worth today based on the cash it's expected to generate in the future. The idea: money you receive in the future is worth less than money today — so we 'discount' future cash flows back to the present.

Start with the pre-filled assumptions and look at the Intrinsic Value vs the Current Price. If intrinsic value is higher than the current price, the stock may be undervalued. Then try adjusting the inputs — raise or lower the FCF Growth Rate to see how sensitive the valuation is. A wide gap between Bull and Bear cases means the valuation is highly uncertain.

• FCF Growth Rate %: how fast you expect free cash flow to grow each year. Be conservative — most companies can't sustain high growth for 10 years.
• Discount Rate %: your required annual return. 10% is a common starting point. Higher = more conservative valuation.
• Terminal Growth Rate %: the long-term growth rate after year 10. Should be close to GDP growth (2-3%). Never set this higher than the Discount Rate.