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AT&T Inc. (T : NYQ)
Sector: Communication Services | Industry: Telecom Services
$25.29
+0.14 (+0.56%)
MARKET CAP
$173.30B
FCF YIELD
5.85%
CURRENT PRICE
$25.29
P/E RATIO
8.35x
MODEL INPUTS
Base Year FCF (in Millions)
Intrinsic Fair Value
$5.72
per share
5-YEAR FREE CASH FLOW PROJECTIONS
Year Projected FCF Discount Factor (WACC) Present Value (PV)
Base (0) $10.14B - -
Year 1 $10.77B at 6.2% growth $9.88B
Year 2 $11.44B at 6.2% growth $9.63B
Year 3 $12.15B at 6.2% growth $9.38B
Year 4 $12.90B at 6.2% growth $9.14B
Year 5 $13.70B at 6.2% growth $8.90B
VALUATION ARITHMETIC
Valuation Step Value
PV of Projected FCFs (Sum Y1-Y5) $46.93B
Terminal Value (Perpetuity at 2.5%) $216.05B
PV of Terminal Value $140.42B
Enterprise Value (EV) $187.35B
Less: Total Debt -$165.76B
Add: Total Cash & Equivalents +$17.57B
Equity Value $39.17B
Divided by: Shares Outstanding 6,852,385,650.00
Intrinsic Value (Fair Value per Share) $5.72
FINANCIAL RATIOS & STATS
Financial Metric Value
Trailing P/E 8.35x
Forward P/E 9.86x
Price-to-Book (P/B) 1.58x
Price-to-Sales (P/S) 1.36x
Net Profit Margin (Net Income / Revenue) 16.94%
Operating Profit Margin (EBIT / Revenue) 24.79%
Return on Equity (ROE) 18.34%
Return on Assets (ROA) 4.16%
Dividend Rate $1.11
Dividend Yield 4.39%
Ex-Dividend Date 2026-07-10
Next Earnings Date 2026-07-22