General Motors (GM) is a popular pick in the market and something that I am personally long. Although the stock is down 11% for the year, I am up on the investment about 4% and also enjoy the 5% annual dividend. First I’ll provide the basic financial/operating assumptions: 2016 revenue of $146B (slightly below consensus)Year-over-year revenue growth of 1%, as GM and its comparables (F, HMC, etc.) are facing the same wall of competition in a low-growth marketEBITDA margins of 8.2% long-term. This is key and a realistic target. GM is, however, on a recent slump where EBITDA margins dip below 6% every other year. Looking into GM’s projected sales data and cost structure, this is doable.Depreciation and capex stabilize at realistic targets of 5.3% and 5%, respectivelyCash flow from operations growth of 2% per yearEffective tax rate of 28% long-term The Valuation