TM
Toyota Motor Corporation (TM)
Last Price$183.81.3%
Market Cap$250.6B
DCF value
N/A
Overvalued (DCF value)
(100.0%)
Discount Rate
4.3%
Long-Term Growth Rate
2.5%
Stock quality
6/10
Good

TM DCF Model

Free Cash Flow to Firm Model
NOPAT Model
Free Cash Flow to Equity Model
Net Income Model
Millions
Billions
Mar'20 ActualMar'21 ActualMar'22 ActualMar'23 ActualMar'24 ActualMar'25 EstimateMar'26 EstimateMar'27 EstimateMar'28 EstimateMar'29 EstimateMar'30 EstimateMar'31 EstimateMar'32 EstimateMar'33 EstimateMar'34 EstimateMar'35 Terminal
% growth
29,929,992.0
(1.0%)
27,214,593.0
(9.1%)
31,379,507.0
15.3%
37,154,298.0
18.4%
45,095,325.0
21.4%
44,684,836.5
(0.9%)
48,409,574.5
8.3%
50,037,959.9
3.4%
51,911,995.8
3.7%
54,865,639.1
5.7%
54,403,823.3
(0.8%)
54,309,499.5
(0.2%)
54,578,313.7
0.5%
55,213,229.5
1.2%
56,224,545.8
1.8%
57,630,159.4
2.5%
2,442,869.0
8.2%
2,964,749.0
10.9%
2,995,697.0
9.5%
3,669,330.0
9.9%
5,352,935.0
11.9%
4,589,709.7
10.3%
4,972,288.4
10.3%
5,139,544.6
10.3%
5,332,032.3
10.3%
5,635,409.6
10.3%
5,587,975.2
10.3%
5,578,286.9
10.3%
5,605,897.6
10.3%
5,671,111.6
10.3%
5,774,986.9
10.3%
5,919,361.5
10.3%
NOPAT
% effective tax rate
1,789,332.1
6.0%
2,307,592.4
8.5%
2,157,976.1
6.9%
2,493,373.7
6.7%
3,897,581.0
8.6%
3,341,861.1
7.5%
3,620,424.5
7.5%
3,742,207.1
7.5%
3,882,361.3
7.5%
4,103,256.5
7.5%
4,068,718.5
7.5%
4,061,664.3
7.5%
4,081,768.2
7.5%
4,129,251.9
7.5%
4,204,885.6
7.5%
4,310,007.7
7.5%
% of revenue
1,595,347.0
5.3%
1,644,290.0
6.0%
1,821,880.0
5.8%
2,039,904.0
5.5%
2,087,066.0
4.6%
2,371,935.7
5.3%
2,569,650.2
5.3%
2,656,087.2
5.3%
2,755,563.7
5.3%
2,912,347.4
5.3%
2,887,833.5
5.3%
2,882,826.7
5.3%
2,897,095.7
5.3%
2,930,798.0
5.3%
2,984,480.1
5.3%
3,059,092.1
5.3%
% of revenue
(3,595,131.0)
(12.0%)
(3,767,945.0)
(13.8%)
(3,830,244.0)
(12.2%)
(3,705,832.0)
(10.0%)
(5,048,394.0)
(11.2%)
(4,971,233.0)
(11.1%)
(5,385,613.9)
(11.1%)
(5,566,773.4)
(11.1%)
(5,775,261.8)
(11.1%)
(6,103,857.6)
(11.1%)
(6,052,480.1)
(11.1%)
(6,041,986.5)
(11.1%)
(6,071,892.4)
(11.1%)
(6,142,527.4)
(11.1%)
(6,255,037.3)
(11.1%)
(6,411,413.3)
(11.1%)
(313,740.0)
(1.0%)
(1,063,562.0)
(3.9%)
(1,130,667.0)
(3.6%)
(1,502,482.0)
(4.0%)
(3,975,836.0)
(8.8%)
(2,452,246.5)
(5.5%)
(2,656,655.3)
(5.5%)
(2,746,019.0)
(5.5%)
(2,848,863.7)
(5.5%)
(3,010,955.9)
(5.5%)
(2,985,612.0)
(5.5%)
(2,980,435.6)
(5.5%)
(2,995,187.8)
(5.5%)
(3,030,031.2)
(5.5%)
(3,085,530.9)
(5.5%)
(3,162,669.2)
(5.5%)
Free Cash Flow to Firm (FCFF)
% of revenue
(524,191.9)
(1.8%)
(879,624.6)
(3.2%)
(981,054.9)
(3.1%)
(675,036.3)
(1.8%)
(3,039,583.0)
(6.7%)
(1,709,682.7)
(3.8%)
(1,852,194.6)
(3.8%)
(1,914,498.1)
(3.8%)
(1,986,200.4)
(3.8%)
(2,099,209.5)
(3.8%)
(2,081,540.0)
(3.8%)
(2,077,931.1)
(3.8%)
(2,088,216.2)
(3.8%)
(2,112,508.6)
(3.8%)
(2,151,202.5)
(3.8%)
(2,204,982.6)
(3.8%)
% of FCFF used in calculation
7.7%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
Discount period
0.50
1.50
2.50
3.50
4.50
5.50
6.50
7.50
8.50
9.50
Discount factor
0.98
0.94
0.90
0.86
0.83
0.79
0.76
0.73
0.70
0.67
Discounted FCFF (DFCFF)

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TM DCF Value

DCF Value Calculation

as of Mar 03, 2025
Sum of DFCFF
% share of EV
N/A
30.0%
Terminal Value (TV)
N/A
Discounted TV
% share of EV
N/A
70.0%
Total Debt
36.6T
Shares outstanding
1,363.6M
FX rate
N/A
100% overvalued

Equity Value Bridge

TM DCF Financials

Revenue
¥45.1T -> ¥56.2T 2.2% CAGR
Operating Income
¥5,352.9B -> ¥5,775.0B 0.8% CAGR
FCFF
(¥3,039.6B) -> (¥2,151.2B) (3.4%) CAGR

TM DCF sensitivity

DCF value
Long-term Terminal growth rate
1.5%
2.0%
2.5%
3.0%
3.5%
WACC
3.0%
$0.0
$0.0
$0.0
$0.0
$0.0
3.5%
$0.0
$0.0
$0.0
$0.0
$0.0
4.3%
$0.0
$0.0
$0.0
$0.0
$0.0
4.5%
$0.0
$0.0
$0.0
$0.0
$0.0
5.0%
$0.0
$0.0
$0.0
$0.0
$0.0
DCF value, undervalued / overvalued
Long-term Terminal growth rate
1.5%
2.0%
2.5%
3.0%
3.5%
WACC
3.0%
(100.0%)
(100.0%)
(100.0%)
(100.0%)
(100.0%)
3.5%
(100.0%)
(100.0%)
(100.0%)
(100.0%)
(100.0%)
4.3%
(100.0%)
(100.0%)
(100.0%)
(100.0%)
(100.0%)
4.5%
(100.0%)
(100.0%)
(100.0%)
(100.0%)
(100.0%)
5.0%
(100.0%)
(100.0%)
(100.0%)
(100.0%)
(100.0%)

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FAQ

What is Toyota Motor Corporation DCF (discounted cash flow) valuation?

As of Mar 03, 2025, Toyota Motor Corporation's Discounted Cash Flow (DCF) valuation estimates its share price at N/A. This suggests it may be overvalued by (100.0%) compared to its current price of around $183.8, using a WACC of 4.3% and growth rates of 2.5%.

What is Toyota Motor Corporation WACC?

As of Mar 03, 2025, Toyota Motor Corporation's Weighted Average Cost of Capital (WACC) is approximately 4.3%.

What is Toyota Motor Corporation Enterprise Value?

As of Mar 03, 2025, Toyota Motor Corporation's Enterprise Value (EV) is approximately ¥0.0. This value reflects the company's total market capitalization plus debt, minus cash and cash equivalents, providing a comprehensive measure of its overall value in the market.