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Standard & Poor’s DCF Stock Analysis

Here’s my assumptions:

Risk Free Rate (10 Years Interest Rate Swap): 4.2489%

Risk Premium (Taken from the Aswath Damodaran equity premium spreadsheet): 4.33%

Interest Rate Spread on The Risk free rate ( For the cost of debt calculation): 1%

Historical Data

Revenue growth in the last 10 years (CAGR): 6%

Earnings growth in the last 10 years (CAGR): 11%

Unlevered Free Cash Flow growth in the last 9 years (CAGR): 9%

Future Assumptions

End of Year FCF growth: 6%

Growth until end of 2026: 11%

Growth until end of 2034: 8%

Perpetual growth: 3.2%

Net Debt: 10.556B

Stock Valuation based on these assumptions: $512

Last update 06/08/2025

All the content in this newsletter should be taken as informational content only. THIS IS NOT FINANCIAL ADVICE! Do your own Due Diligence before investing or contact a professional financial advisor.

I don’t have a position in Standard & Poor’s (SPGI) and I don’t plan to add a position in the coming days.