Discounted Cash Flow

Addex Therapeutics Ltd. ADR

ADXN · 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)
2017 $-3.3m $-2.1m $-0.25
2018 $6.0m $-1.6m (49.9%) $1.7m (181.4%) -27.2% $-0.07 (72.0%)
2019 $2.8m (-54.3%) $-14.8m (-798.6%) $-9.5m (-645.7%) -535.0% (-1865.8%) $-0.56 (-700.0%)
2020 $3.6m (30.8%) $-12.9m (13.0%) $-12.2m (-28.7%) -355.9% (33.5%) $-0.48 (14.3%)
2021 $2.9m (-19.3%) $-15.4m (-19.4%) $-14.7m (-20.4%) -526.4% (-47.9%) $-0.45 (6.2%)
2022 $1.4m (-51.2%) $-10.0m (34.9%) $-16.4m (-11.5%) -703.0% (-33.6%) $-0.46 (-2.2%)
2023 $1.6m (13.4%) $-8.1m (19.4%) $-8.0m (51.3%) -499.5% (29.0%) $-0.14 (69.6%)
2024 $404.1k (-74.9%) $12.0m (248.5%) $-5.4m (32.8%) 2960.9% (692.8%) $0.07 (150.0%)
2025 $30.0k (-92.6%) $114.3k (-99.0%) $114.3k (102.1%) 381.5% (-87.1%) $-0.06 (-185.7%)

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