Discounted Cash Flow

Ameren Corp.

AEE · 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)
2016 $6.1b $653.0m $47.0m 10.7% $2.69
2017 $6.2b (1.7%) $523.0m (-19.9%) $-28.0m (-159.6%) 8.5% (-21.2%) $2.16 (-19.7%)
2018 $6.3b (1.8%) $719.0m (37.5%) $-116.0m (-314.3%) 11.4% (35.0%) $3.34 (54.6%)
2019 $5.9b (-6.1%) $704.0m (-2.1%) $-241.0m (-107.8%) 11.9% (4.2%) $3.37 (0.9%)
2020 $5.8b (-2.0%) $726.0m (3.1%) $-942.0m (-290.9%) 12.5% (5.2%) $3.53 (4.7%)
2021 $6.4b (10.4%) $793.0m (9.2%) $-1.3b (-37.3%) 12.4% (-1.0%) $3.86 (9.3%)
2022 $8.0b (24.4%) $853.0m (7.6%) $-1.1b (15.9%) 10.7% (-13.6%) $4.16 (7.8%)
2023 $7.5b (-5.7%) $1.2b (35.6%) $-1.0b (5.1%) 15.4% (43.9%) $4.39 (5.5%)
2024 $7.6b (1.6%) $1.2b (2.6%) $-1.6b (-50.6%) 15.6% (0.9%) $4.43 (0.9%)
2025 $8.8b (15.4%) $1.5b (23.1%) $-775.0m (50.2%) 16.6% (6.6%) $5.38 (21.4%)

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

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.