Perform Discount Cashflow Analysis

DCF valuation ($970.89B)

• Current FCF ($6.92B)

• Expected Growth Rate (25%) - their previous growth has been way higher than this (and if they succeed with their gaming, sports, and immersive experience initiatives they'll blow this out of the water)

• Historic P/FCF (17.88) - averaging since 2009 and taking out all instances over 100

• Discount rate (4.29%) - current treasury rate