Discounted Cash Flow

Asbury Automotive Group Inc.

ABG · 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 $6.5b $167.2m $60.9m 2.6% $7.43
2017 $6.5b (-1.1%) $139.1m (-16.8%) $224.0m (267.8%) 2.2% (-15.9%) $6.69 (-10.0%)
2018 $6.9b (6.5%) $168.0m (20.8%) $-30.2m (-113.5%) 2.4% (13.4%) $8.36 (25.0%)
2019 $7.2b (4.9%) $184.4m (9.8%) $292.2m (1067.5%) 2.6% (4.6%) $9.65 (15.4%)
2020 $7.1b (-1.1%) $254.4m (38.0%) $652.5m (123.3%) 3.6% (39.5%) $13.25 (37.3%)
2021 $9.8b (37.9%) $532.4m (109.3%) $1.1b (63.8%) 5.4% (51.7%) $26.75 (101.9%)
2022 $15.4b (56.9%) $997.3m (87.3%) $588.1m (-45.0%) 6.5% (19.4%) $44.78 (67.4%)
2023 $14.8b (-4.1%) $602.5m (-39.6%) $170.7m (-71.0%) 4.1% (-37.0%) $28.87 (-35.5%)
2024 $17.2b (16.1%) $430.3m (-28.6%) $363.0m (112.7%) 2.5% (-38.5%) $21.58 (-25.3%)
2025 $18.0b (4.7%) $492.0m (14.3%) $570.0m (57.0%) 2.7% (9.2%) $25.20 (16.8%)

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