Discounted Cash Flow

Agilent Technologies, Inc.

A · Based on 10 years of SEC filings

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2016 $4.2b $462.0m $654.0m 11.0% $1.42
2017 $4.5b (6.4%) $684.0m (48.1%) $713.0m (9.0%) 15.3% (39.1%) $2.12 (49.3%)
2018 $4.9b (9.9%) $316.0m (-53.8%) $910.0m (27.6%) 6.4% (-58.0%) $0.98 (-53.8%)
2019 $5.2b (5.1%) $1.1b (238.9%) $866.0m (-4.8%) 20.7% (222.6%) $3.41 (248.0%)
2020 $5.3b (3.4%) $719.0m (-32.9%) $802.0m (-7.4%) 13.5% (-35.1%) $2.33 (-31.7%)
2021 $6.3b (18.4%) $1.2b (68.3%) $1.3b (61.7%) 19.1% (42.2%) $3.98 (70.8%)
2022 $6.8b (8.4%) $1.3b (3.6%) $1.0b (-21.3%) 18.3% (-4.4%) $4.19 (5.3%)
2023 $6.8b (-0.2%) $1.2b (-1.1%) $1.5b (44.4%) 18.1% (-0.9%) $4.22 (0.7%)
2024 $6.5b (-4.7%) $1.3b (4.0%) $1.4b (-6.9%) 19.8% (9.1%) $4.44 (5.2%)
2025 $6.9b (6.7%) $1.3b (1.1%) $1.2b (-16.1%) 18.8% (-5.3%) $4.59 (3.4%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Values abbreviated: b = billions, m = millions, k = thousands.

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model