Discounted Cash Flow

Adtran Holdings, Inc.

ADTN · Based on 10 years of SEC filings

DCF estimate unavailable — only_3_profitable_out_of_10

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 $636.8m $35.2m $20.6m 5.5% $0.72
2017 $666.9m (4.7%) $23.8m (-32.3%) $-57.1m (-377.7%) 3.6% (-35.4%) $0.50 (-30.6%)
2018 $529.3m (-20.6%) $-19.3m (-181.1%) $47.3m (182.9%) -3.7% (-202.2%) $-0.40 (-180.0%)
2019 $530.1m (0.1%) $-53.0m (-173.9%) $-12.0m (-125.3%) -10.0% (-173.5%) $-1.11 (-177.5%)
2020 $506.5m (-4.4%) $2.4m (104.5%) $-22.9m (-91.6%) 0.5% (104.7%) $0.05 (104.5%)
2021 $563.0m (11.2%) $-8.6m (-463.1%) $-2.7m (88.4%) -1.5% (-426.7%) $-0.18 (-460.0%)
2022 $1.0b (82.2%) $-2.0m (76.4%) $-61.3m (-2203.6%) -0.2% (87.0%) $-0.03 (83.3%)
2023 $1.1b (12.0%) $-267.7m (-13041.3%) $-88.7m (-44.7%) -23.3% (-11628.2%) $-3.41 (-11266.7%)
2024 $922.7m (-19.7%) $-459.9m (-71.8%) $69.1m (177.8%) -49.8% (-114.0%) $-5.79 (-69.8%)
2025 $1.1b (17.5%) $-45.7m (90.1%) $98.0m (41.9%) -4.2% (91.5%) $-0.52 (91.0%)

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

only_3_profitable_out_of_10

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