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"wacc": 0.13, "g": 0.03, "pricesUsd": [ { "id": "bear", "value": 65.5251557347654 }, { "id": "base", "value": 240.84044080764934 }, { "id": "bull", "value": 487.72897316911315 } ] }, "baseWaccSensitivity": [ { "wacc": 0.1, "priceUsd": 361.69668834902376 }, { "wacc": 0.11, "priceUsd": 311.05765279640576 }, { "wacc": 0.12, "priceUsd": 271.9279345141655 }, { "wacc": 0.13, "priceUsd": 240.84044080764934 }, { "wacc": 0.14, "priceUsd": 215.58981789036767 }, { "wacc": 0.15, "priceUsd": 194.70664840538626 }, { "wacc": 0.16, "priceUsd": 177.17433402933878 }, { "wacc": 0.18, "priceUsd": 149.45403423023217 } ], "reverse": { "requiredUniformFcffMargin": 0.519, "base2036FcffMargin": 0.22572727272727272, "basePriceUsd": 240.84044080764934, "referencePriceUsd": 578.44 }, "limitations": [ "2026 forecast is an estimate; Q3 results had not been reported as of research date.", "AMD does not disclose exact EPYC versus Instinct Data Center revenue; no product-level mix presented as reported.", "The DCF uses full-year 2027-2036 flows discounted as though at the valuation date; no interim 2026 stub is modeled.", "Future share issuance and investments are scenario sensitivities and not automatically included in the base enterprise cash-flow bridge.", "Model is highly sensitive to unverified future AI demand, GAAP margin, cost of capital and normalized terminal growth." ] } }