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Ticker [1] Intrinsic Value [2]

Analyze US listed

$7,129
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CPA in their ticker
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Company info
Name Copa Holdings, S.A.
Industry Industrials
Market Cap (mil) $5,267
Exchange NYSE

Inputs
Cash and Short Term Investments $840
Cash from Operating Activities $595
Capital Expenditures -$103
Free cash flow (mil $) $492
Shares outstanding (mil) $42
Return on Equity 21.78%
Growth rate 95.70%
Margin of Safety 25.00% [3]
Conservative growth rate 71.78%
Growth decline rate 5.00% [4]
Discount rate 9.00% [5]
Valuation last FCF 12 [6]

Calculations
Year FCF * Growth rate NPV FCF
1 $844.74 $774.99
2 $1,420.73 $1,195.80
3 $2,341.04 $1,807.71
4 $3,781.67 $2,679.03
5 $5,992.48 $3,894.70
6 $9,320.59 $5,557.57
7 $14,238.25 $7,788.81
8 $21,374.92 $10,727.35
9 $31,553.01 $14,527.88
10 $45,826.38 $19,357.56

Total NPV FCF $68,311.41

Year 10 FCF value $232,290.69
Cash on Hand $840.39
Total Debt $1,184.13
Company value: $300,258.36

Creation date:
11/25/2014 12:44:00
[1] Insert a ticker symbol in cell A4 to automatically run the DCF model

[2] This figure shows what the stock is worth per share according to the DCF model

[3] This determines how conservative your estimate will be. Higher is more conservative.

[4] The rate at which you expect future growth to decline.

[5] The discount rate used to calculate the Net Present Value (NPV) of the cash flows

[6] An arbitrary multiple at which you believe the company might be sold in 10 years time. This is a
necessary assumption for the DCF model to work. Choose a value between 12 and 15, where 12 is more
conservative and 15 more aggressive.