DJT
Trump Media & Technology Group Corp.
$7.95
Platform & Compounding FCF
80%
Two-stage FCF DCF
Strong
·
Conviction
Overvalued
Trading 811.3% above fair value
Bear
$0.87
-89.0%
12% stage 1 growth, 12% discount
Fair
$0.87
-89.0%
20% stage 1 growth, 12% discount
Bull
$0.87
-89.0%
26% stage 1 growth, 12% discount
Key Value Driver
FCF growth rate (20% base case)
Terminal Value % of EV
0%
Summary
Using a two-stage FCF DCF with 20% growth decelerating over 15 years, discounted at 12%, the base-case intrinsic value is $0.87 per share.
Key Risks
- P/E alone misleads — earnings depressed by growth investment
- Cyclical or commodity businesses may be misclassified as platforms
- Terminal value dominance suggests sensitivity to long-run assumptions