{
 "readOn": "2026-10-26",
 "source": "SEC EDGAR XBRL companyconcept (revenue, operating cash flow, capex)",
 "discountRateAssumption": 0.09,
 "note": "discountRateAssumption is a single stated constant, not a per-company WACC -- SEC EDGAR has no market cap or beta to compute one. The CAGRs are live.",
 "companies": [
  {
   "ticker": "AAPL",
   "cik": 320193,
   "revenue": {
    "tag": "RevenueFromContractWithCustomerExcludingAssessedTax",
    "annualFacts": 9,
    "cagr5": 0.0868
   },
   "fcf": {
    "ocfTag": "NetCashProvidedByUsedInOperatingActivities",
    "capexTag": "PaymentsToAcquirePropertyPlantAndEquipment",
    "annualFacts": 12,
    "cagr5": 0.0613
   },
   "naiveTerminalGrowth": 0.0613,
   "naiveGrowthSource": "fcf",
   "terminalValueMultiplier": 37.0,
   "verdict": "near-break: multiplier above 30x a single year's FCF"
  },
  {
   "ticker": "MSFT",
   "cik": 789019,
   "revenue": {
    "tag": "RevenueFromContractWithCustomerExcludingAssessedTax",
    "annualFacts": 11,
    "cagr5": 0.1457
   },
   "fcf": {
    "ocfTag": "NetCashProvidedByUsedInOperatingActivities",
    "capexTag": "PaymentsToAcquirePropertyPlantAndEquipment",
    "annualFacts": 17,
    "cagr5": 0.036
   },
   "naiveTerminalGrowth": 0.036,
   "naiveGrowthSource": "fcf",
   "terminalValueMultiplier": 19.2,
   "verdict": "within range"
  },
  {
   "ticker": "NVDA",
   "cik": 1045810,
   "revenue": {
    "tag": "Revenues",
    "annualFacts": 18,
    "cagr5": 0.669
   },
   "fcf": {
    "ocfTag": "NetCashProvidedByUsedInOperatingActivities",
    "capexTag": "PaymentsToAcquireProductiveAssets",
    "annualFacts": 5,
    "cagr5": null
   },
   "naiveTerminalGrowth": 0.669,
   "naiveGrowthSource": "revenue",
   "verdict": "breaks the formula: g >= r, terminal value is negative",
   "terminalValueMultiplier": null
  },
  {
   "ticker": "AMZN",
   "cik": 1018724,
   "revenue": {
    "tag": "RevenueFromContractWithCustomerExcludingAssessedTax",
    "annualFacts": 10,
    "cagr5": 0.1318
   },
   "fcf": {
    "ocfTag": "NetCashProvidedByUsedInOperatingActivities",
    "capexTag": "PaymentsToAcquireProductiveAssets",
    "annualFacts": 10,
    "cagr5": -0.2157
   },
   "naiveTerminalGrowth": -0.2157,
   "naiveGrowthSource": "fcf",
   "terminalValueMultiplier": 2.6,
   "verdict": "within range"
  },
  {
   "ticker": "GOOGL",
   "cik": 1652044,
   "revenue": {
    "tag": "Revenues",
    "annualFacts": 12,
    "cagr5": 0.2001
   },
   "fcf": {
    "ocfTag": "NetCashProvidedByUsedInOperatingActivities",
    "capexTag": "PaymentsToAcquirePropertyPlantAndEquipment",
    "annualFacts": 13,
    "cagr5": 0.1133
   },
   "naiveTerminalGrowth": 0.1133,
   "naiveGrowthSource": "fcf",
   "verdict": "breaks the formula: g >= r, terminal value is negative",
   "terminalValueMultiplier": null
  },
  {
   "ticker": "META",
   "cik": 1326801,
   "revenue": {
    "tag": "RevenueFromContractWithCustomerExcludingAssessedTax",
    "annualFacts": 10,
    "cagr5": 0.1851
   },
   "fcf": {
    "ocfTag": "NetCashProvidedByUsedInOperatingActivities",
    "capexTag": "PaymentsToAcquirePropertyPlantAndEquipment",
    "annualFacts": 16,
    "cagr5": 0.1435
   },
   "naiveTerminalGrowth": 0.1435,
   "naiveGrowthSource": "fcf",
   "verdict": "breaks the formula: g >= r, terminal value is negative",
   "terminalValueMultiplier": null
  },
  {
   "ticker": "TSLA",
   "cik": 1318605,
   "revenue": {
    "tag": "RevenueFromContractWithCustomerExcludingAssessedTax",
    "annualFacts": 6,
    "cagr5": 0.346
   },
   "fcf": {
    "ocfTag": "NetCashProvidedByUsedInOperatingActivities",
    "capexTag": "PaymentsToAcquirePropertyPlantAndEquipment",
    "annualFacts": 15,
    "cagr5": 0.1743
   },
   "naiveTerminalGrowth": 0.1743,
   "naiveGrowthSource": "fcf",
   "verdict": "breaks the formula: g >= r, terminal value is negative",
   "terminalValueMultiplier": null
  },
  {
   "ticker": "JPM",
   "cik": 19617,
   "revenue": {
    "tag": "Revenues",
    "annualFacts": 19,
    "cagr5": 0.0875
   },
   "fcf": {
    "state": "no annual FCF series"
   },
   "naiveTerminalGrowth": 0.0875,
   "naiveGrowthSource": "revenue",
   "terminalValueMultiplier": 435.0,
   "verdict": "near-break: multiplier above 30x a single year's FCF"
  },
  {
   "ticker": "XOM",
   "cik": 34088,
   "revenue": {
    "tag": "Revenues",
    "annualFacts": 17,
    "cagr5": 0.1285
   },
   "fcf": {
    "ocfTag": "NetCashProvidedByUsedInOperatingActivities",
    "capexTag": "PaymentsToAcquirePropertyPlantAndEquipment",
    "annualFacts": 17,
    "cagr5": null
   },
   "naiveTerminalGrowth": 0.1285,
   "naiveGrowthSource": "revenue",
   "verdict": "breaks the formula: g >= r, terminal value is negative",
   "terminalValueMultiplier": null
  },
  {
   "ticker": "JNJ",
   "cik": 200406,
   "revenue": {
    "tag": "RevenueFromContractWithCustomerExcludingAssessedTax",
    "annualFacts": 10,
    "cagr5": 0.0267
   },
   "fcf": {
    "ocfTag": "NetCashProvidedByUsedInOperatingActivities",
    "capexTag": "PaymentsToAcquirePropertyPlantAndEquipment",
    "annualFacts": 19,
    "cagr5": -0.0049
   },
   "naiveTerminalGrowth": -0.0049,
   "naiveGrowthSource": "fcf",
   "terminalValueMultiplier": 10.5,
   "verdict": "within range"
  },
  {
   "ticker": "WMT",
   "cik": 104169,
   "revenue": {
    "tag": "RevenueFromContractWithCustomerExcludingAssessedTax",
    "annualFacts": 10,
    "cagr5": 0.0493
   },
   "fcf": {
    "ocfTag": "NetCashProvidedByUsedInOperatingActivities",
    "capexTag": "PaymentsToAcquirePropertyPlantAndEquipment",
    "annualFacts": 19,
    "cagr5": -0.1038
   },
   "naiveTerminalGrowth": -0.1038,
   "naiveGrowthSource": "fcf",
   "terminalValueMultiplier": 4.6,
   "verdict": "within range"
  },
  {
   "ticker": "PG",
   "cik": 80424,
   "revenue": {
    "tag": "Revenues",
    "annualFacts": 13,
    "cagr5": 0.0272
   },
   "fcf": {
    "ocfTag": "NetCashProvidedByUsedInOperatingActivities",
    "capexTag": "PaymentsToAcquirePropertyPlantAndEquipment",
    "annualFacts": 19,
    "cagr5": -0.0057
   },
   "naiveTerminalGrowth": -0.0057,
   "naiveGrowthSource": "fcf",
   "terminalValueMultiplier": 10.4,
   "verdict": "within range"
  },
  {
   "ticker": "KO",
   "cik": 21344,
   "revenue": {
    "state": "no annual facts"
   },
   "fcf": {
    "state": "no annual FCF series"
   },
   "naiveTerminalGrowth": null,
   "naiveGrowthSource": null,
   "verdict": "insufficient data",
   "terminalValueMultiplier": null
  },
  {
   "ticker": "PFE",
   "cik": 78003,
   "revenue": {
    "tag": "Revenues",
    "annualFacts": 6,
    "cagr5": 0.0848
   },
   "fcf": {
    "ocfTag": "NetCashProvidedByUsedInOperatingActivities",
    "capexTag": "PaymentsToAcquirePropertyPlantAndEquipment",
    "annualFacts": 19,
    "cagr5": -0.0571
   },
   "naiveTerminalGrowth": -0.0571,
   "naiveGrowthSource": "fcf",
   "terminalValueMultiplier": 6.4,
   "verdict": "within range"
  },
  {
   "ticker": "INTC",
   "cik": 50863,
   "revenue": {
    "tag": "RevenueFromContractWithCustomerExcludingAssessedTax",
    "annualFacts": 10,
    "cagr5": -0.0746
   },
   "fcf": {
    "ocfTag": "NetCashProvidedByUsedInOperatingActivities",
    "capexTag": "PaymentsToAcquirePropertyPlantAndEquipment",
    "annualFacts": 15,
    "cagr5": null
   },
   "naiveTerminalGrowth": -0.0746,
   "naiveGrowthSource": "revenue",
   "terminalValueMultiplier": 5.6,
   "verdict": "within range"
  },
  {
   "ticker": "CVX",
   "cik": 93410,
   "revenue": {
    "tag": "RevenueFromContractWithCustomerExcludingAssessedTax",
    "annualFacts": 8,
    "cagr5": 0.1432
   },
   "fcf": {
    "ocfTag": "NetCashProvidedByUsedInOperatingActivities",
    "capexTag": "PaymentsToAcquireProductiveAssets",
    "annualFacts": 19,
    "cagr5": 0.5857
   },
   "naiveTerminalGrowth": 0.5857,
   "naiveGrowthSource": "fcf",
   "verdict": "breaks the formula: g >= r, terminal value is negative",
   "terminalValueMultiplier": null
  },
  {
   "ticker": "T",
   "cik": 732717,
   "revenue": {
    "tag": "Revenues",
    "annualFacts": 19,
    "cagr5": -0.0256
   },
   "fcf": {
    "ocfTag": "NetCashProvidedByUsedInOperatingActivities",
    "capexTag": "PaymentsToAcquireProductiveAssets",
    "annualFacts": 15,
    "cagr5": -0.0783
   },
   "naiveTerminalGrowth": -0.0783,
   "naiveGrowthSource": "fcf",
   "terminalValueMultiplier": 5.5,
   "verdict": "within range"
  },
  {
   "ticker": "BA",
   "cik": 12927,
   "revenue": {
    "tag": "Revenues",
    "annualFacts": 19,
    "cagr5": 0.09
   },
   "fcf": {
    "ocfTag": "NetCashProvidedByUsedInOperatingActivities",
    "capexTag": "PaymentsToAcquirePropertyPlantAndEquipment",
    "annualFacts": 19,
    "cagr5": null
   },
   "naiveTerminalGrowth": 0.09,
   "naiveGrowthSource": "revenue",
   "verdict": "breaks the formula: g >= r, terminal value is negative",
   "terminalValueMultiplier": null
  },
  {
   "ticker": "GE",
   "cik": 40545,
   "revenue": {
    "tag": "Revenues",
    "annualFacts": 19,
    "cagr5": -0.0957
   },
   "fcf": {
    "ocfTag": "NetCashProvidedByUsedInOperatingActivities",
    "capexTag": "PaymentsToAcquireProductiveAssets",
    "annualFacts": 5,
    "cagr5": null
   },
   "naiveTerminalGrowth": -0.0957,
   "naiveGrowthSource": "revenue",
   "terminalValueMultiplier": 4.9,
   "verdict": "within range"
  },
  {
   "ticker": "MRK",
   "cik": 310158,
   "revenue": {
    "tag": "Revenues",
    "annualFacts": 14,
    "cagr5": 0.0938
   },
   "fcf": {
    "ocfTag": "NetCashProvidedByUsedInOperatingActivities",
    "capexTag": "PaymentsToAcquirePropertyPlantAndEquipment",
    "annualFacts": 4,
    "cagr5": null
   },
   "naiveTerminalGrowth": 0.0938,
   "naiveGrowthSource": "revenue",
   "verdict": "breaks the formula: g >= r, terminal value is negative",
   "terminalValueMultiplier": null
  }
 ]
}