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How can I determine the value of the company (Johnson and Johnson) based on my DCF calculations attached below? I have completed the necessary steps, though I am unsure how to analyze them proper

How can I determine the value of the company (Johnson and Johnson) based on my DCF calculations attached below? I have completed the necessary steps, though I am unsure how to analyze them proper

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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How can I determine the value of the company (Johnson and Johnson) based on my DCF calculations attached below? I have completed the necessary steps, though I am unsure how to analyze them properly. 

WACC: (0.0011*0.0056) + (1 * 0.0606) Growth Rate of FCF (Next Five Years): 3.94% Perpetual Growth Rate: 2.50% Discounted Rate (WAAC): 6.05% Year FCF Terminal Value (20848)*(1+ 0.0250)/(0.06 -0.0250) Total 2022 2023 (17185) (1+0.0394) 17,185 17,862 17,862 . 2024 (17862) (1+0.0394) 18,566 18,566 2025 (18566) * 2026 (19297) * (1+0.0394) (1+0.0394) 19,297 20,058 DCF Valuation 19,297 6.05% Enterprise Value: Excel Formula =NPV(0.06, total values) (+) Cash Equivalents (-) Debt Equity Value: 529,681+23,519-39,659 Shares Outstandings Intrinsic Value: 513541/3120 Current Price 20,058 $529,681 $23,519 $39,659 $513,541 3,120 $165 $165.15 2027 (20058) (1+0.0394) 20,848 601,947 622,795 *
Transcribed Image Text:WACC: (0.0011*0.0056) + (1 * 0.0606) Growth Rate of FCF (Next Five Years): 3.94% Perpetual Growth Rate: 2.50% Discounted Rate (WAAC): 6.05% Year FCF Terminal Value (20848)*(1+ 0.0250)/(0.06 -0.0250) Total 2022 2023 (17185) (1+0.0394) 17,185 17,862 17,862 . 2024 (17862) (1+0.0394) 18,566 18,566 2025 (18566) * 2026 (19297) * (1+0.0394) (1+0.0394) 19,297 20,058 DCF Valuation 19,297 6.05% Enterprise Value: Excel Formula =NPV(0.06, total values) (+) Cash Equivalents (-) Debt Equity Value: 529,681+23,519-39,659 Shares Outstandings Intrinsic Value: 513541/3120 Current Price 20,058 $529,681 $23,519 $39,659 $513,541 3,120 $165 $165.15 2027 (20058) (1+0.0394) 20,848 601,947 622,795 *
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