Discounted Cash Flow

Abbott Laboratories

ABT · 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 $20.9b $1.4b $2.1b 6.7% $0.94
2017 $27.4b (31.3%) $477.0m (-65.9%) $4.4b (113.0%) 1.7% (-74.1%) $0.27 (-71.3%)
2018 $30.6b (11.6%) $2.4b (396.4%) $4.9b (10.6%) 7.7% (344.7%) $1.34 (396.3%)
2019 $31.9b (4.3%) $3.7b (55.7%) $4.5b (-8.3%) 11.6% (49.2%) $2.07 (54.5%)
2020 $34.6b (8.5%) $4.5b (21.9%) $5.7b (27.3%) 13.0% (12.4%) $2.52 (21.7%)
2021 $43.1b (24.5%) $7.1b (57.3%) $8.6b (51.1%) 16.4% (26.4%) $3.97 (57.5%)
2022 $43.7b (1.3%) $6.9b (-2.0%) $9.4b (8.6%) 15.9% (-3.2%) $3.94 (-0.8%)
2023 $40.1b (-8.1%) $5.7b (-17.5%) $7.1b (-24.4%) 14.3% (-10.2%) $3.28 (-16.8%)
2024 $42.0b (4.6%) $13.4b (134.2%) $8.4b (18.1%) 31.9% (123.9%) $7.67 (133.8%)
2025 $44.3b (5.7%) $6.5b (-51.3%) $9.4b (12.0%) 14.7% (-53.9%) $3.73 (-51.4%)

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