Research / Stock / CAT
C
CAT
CATERPILLAR INC
811.29
+0.27 +0.03%
close 2026-08-25
Assumptions
15.0%
Market is pricing 15.0%— you agree
Actually grew +10.8%/yrFCF, 2020–2025 — the market is pricing 4.2pts FASTER than history
10 yrs
3.00%
9.09%
9.1% derived for this company beta 1.06 (1254d vs the S&P 500) · cost of equity 9.5% = 4.7% risk-free + 1.06 × 4.5% premium · 8% debt at 6.2%, taxed at 24% cost of debt not derivable; risk-free + 1.5pts assumed
Fair value
$808.55
-0.3%
At the market's assumptionsCurrent price $811.29Enterprise value 376.2B
Bear $552.93 (10.0% growth)Bull $1176.90 (20.0%)
Today's market price is inside the range · band = your growth ±5pts, same model · the market itself prices 15.0%
Y1
Y2
Y3
Y4
Y5
Y6
Y7
Y8
Y9
Y10
Present value of each projected year, Y1–Y10
32% the 10 forecast years68% terminal value