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    Investing tools

    DCF calculator

    Search a stock, see the growth its price already assumes, then change the assumptions and watch the fair value move.

    Try ASIANPAINT, TATASTEEL or INFY to see how differently the market prices growth.

    How to read this valuation

    1. Start from the price, not the forecast. A normal DCF asks you to guess growth and outputs a fair value. Run backwards, it takes today's price and solves for the earnings growth the market is already assuming — the implied growth.
    2. Compare implied growth with what the company has done. The tool shows the historical profit and EPS CAGR next to the implied number. A price that needs 25% a year from a business that has compounded at 10% is asking a lot; the gap is the risk you're taking on.
    3. Then apply your own view. Change the growth rate, how many years it lasts, the fade to terminal growth and the discount rate (your required return). The fair-value grid shows how sensitive the answer is — a valuation that flips sign on a 1-point change in the discount rate is telling you something.
    4. Mind the caveats. We discount normalized net profit as a proxy for owner earnings (not full free cash flow), and terminal growth is capped at 6% — roughly nominal GDP. Cyclicals are flagged because a peak-earnings base overstates value. This is an analytical tool, not investment advice.