Startup Valuation Model — Discounted Cash Flow (DCF) Analysis

For CA professionals, investment analysts, startup founders, venture capitalists

Financial Objective: Estimate the intrinsic value of a startup by projecting future free cash flows, discounting them at WACC, and adding terminal value to arrive at enterprise value and equity value.
Key Assumptions:
  • Explicit forecast period: 5 years
  • Terminal growth rate assumed constant beyond Year 5
  • WACC calculated using CAPM for cost of equity
  • Debt at book value, equity at market value
  • No dividends during growth phase

Section A — Company Profile

Section B — Revenue & Margin Assumptions

Metric Year 1 Year 2 Year 3 Year 4 Year 5
Revenue Growth (%)
EBITDA Margin (%)
Depreciation (% Rev)
CapEx (% Rev)
Δ WC (% Rev)

Section C — WACC Inputs

Equity Weight: 80%

Scenario Analysis

WACC
0.00%
Sum of PV of FCFs
₹0 Lakhs
Terminal Value
₹0 Lakhs
PV of Terminal Value
₹0 Lakhs
Enterprise Value (EV)
₹0 Lakhs
Equity Value
₹0 Lakhs
Value Per Share
₹0.00
TV as % of EV
0%

Valuation Interpretation

Waiting for calculation...

5-Year DCF Projection (₹ Lakhs)

Item Base Year Year 1 Year 2 Year 3 Year 4 Year 5

WACC Derivation Workings

Equity Bridge Workings

Equity Value Sensitivity — WACC vs Terminal Growth Rate

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