Discounted Cash Flow

Adaptive Biotechnologies Corp.

ADPT · Based on 10 years of SEC filings

DCF estimate unavailable — No positive free cash flow in recent history — company has not generated positive FCF

Average annual growth rates

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

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)
2017 $38.4m $-42.8m $-37.3m -111.4%
2018 $55.7m (44.8%) $-46.4m (-8.4%) $-38.6m (-3.5%) -83.4% (25.1%)
2019 $85.1m (52.8%) $-68.6m (-47.7%) $194.2m (603.4%) -80.6% (3.4%) $1.00
2020 $98.4m (15.6%) $-146.2m (-113.1%) $-168.5m (-186.8%) -148.6% (-84.3%) $-1.11 (-211.0%)
2021 $154.3m (56.9%) $-207.3m (-41.8%) $-254.5m (-51.0%) -134.3% (9.6%) $-1.48 (-33.3%)
2022 $185.3m (20.1%) $-200.2m (3.4%) $-200.3m (21.3%) -108.0% (19.6%) $-1.40 (5.4%)
2023 $170.3m (-8.1%) $-225.2m (-12.5%) $-167.0m (16.6%) -132.3% (-22.5%) $-1.56 (-11.4%)
2024 $179.0m (5.1%) $-159.5m (29.2%) $-98.9m (40.8%) -89.1% (32.6%) $-1.08 (30.8%)
2025 $277.0m (54.8%) $-59.5m (62.7%) $-48.9m (50.5%) -21.5% (75.9%) $-0.39 (63.9%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

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

No positive free cash flow in recent history — company has not generated positive FCF

Once the company meets all DCF eligibility criteria (sufficient history, profitability, growth trends), an estimate will become available automatically. No action is needed.