Commodity price stabilization is supporting manufacturing margins, lifting earnings forecasts. A value investing course would stress the importance of free cash flow as a valuation anchor in these recovery phases. After calculating the present value of future cash flows in the initial 10-year period, we need to calculate the Terminal Value, which accounts for all future cash flows beyond the first stage. The Gordon Growth formula is used to calculate Terminal Value at a future annual growth rate equal to the 5-year average of the 10-year government bond yield of 2.7%. We discount the terminal cash flows to today's value at a cost of equity of 6.8%. Market opportunities for P&G may emerge from several fronts. A continued shift towards premium products, driven by rising disposable incomes in certain demographics, could bolster its high-margin segments. Furthermore, advancements in e-commerce and direct-to-consumer models present avenues for greater market penetration and direct customer relationships, potentially bypassing traditional retail channels to some extent. Challenges, however, include persistent inflationary pressures that could squeeze consumer spending, intense competition from private labels, and potential disruptions in global supply chains due to geopolitical events or climate change. The company's agility in responding to these dynamic market forces will define its trajectory. Equity strategist reports forecast value sectors might see 5–7% earnings growth over the next two quarters. A value investing course teaches that buying below intrinsic value during moderate growth cycles can offer outsized long-term compounding.