Advanced Micro Devices (AMD) could conceivably trade at $20 a share in the next 12 - 18 months. The revenue improvement in FY2016 may follow with growth ahead, thanks to Polaris, Vega, and of course, Ryzen.Here is an interactive model. You may enter your revenue estimates.Below is a preview on my estimates. A full article will follow. Only Value Stock members will get an alert when it is posted. Simply sign in using your StockTwits credentials. 5-Year DCF Model: Revenue Exit Input Projections Fiscal Years Ending Dec-15 Dec-16 Dec-17 Dec-18 Dec-19 Dec-20 Revenue 3,991 4,270 4,868 5,841 7,126 9,122 % Growth -27.5% 7.0% 14.0% 20.0% 22.0% 28.0% EBITDA -314 102 265 467 926 1,642 % of Revenue -7.9% 2.4% 5.4% 8.0% 13.0% 18.0% AMD @ $14: Low Mid High Selected Discount Rate 12.00% 11.00% 10.50% Implied Fair Value $15.69 $19.73 $23.63 Implied Upside / (Downside) 12.10% 40.90% 68.80%What do you think AMD stock is worth this year?Related: NVDA's GTX cards compete with Polaris. INTC's Kaby Lake competes with Ryzen.