Discounted Cash Flow

Alkermes Plc.

ALKS · 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 $745.7m $-208.4m $-107.5m -28.0% $-1.38
2017 $903.4m (21.1%) $-157.9m (24.2%) $-32.1m (70.1%) -17.5% (37.5%) $-1.03 (25.4%)
2018 $1.1b (21.1%) $-139.3m (11.8%) $29.9m (193.0%) -12.7% (27.2%) $-0.90 (12.6%)
2019 $1.2b (7.0%) $-196.6m (-41.1%) $-18.9m (-163.2%) -16.8% (-31.9%) $-1.25 (-38.9%)
2020 $1.0b (-11.3%) $-110.9m (43.6%) $40.6m (315.3%) -10.7% (36.4%) $-0.70 (44.0%)
2021 $1.2b (13.0%) $-48.2m (56.6%) $73.7m (81.4%) -4.1% (61.5%) $-0.30 (57.1%)
2022 $1.1b (-5.3%) $-158.3m (-228.6%) $-17.2m (-123.4%) -14.2% (-246.9%) $-0.97 (-223.3%)
2023 $1.7b (49.6%) $355.8m (324.8%) $353.3m (2152.8%) 21.4% (250.2%) $2.14 (320.6%)
2024 $1.6b (-6.4%) $367.1m (3.2%) $405.6m (14.8%) 23.6% (10.2%) $2.22 (3.7%)
2025 $1.5b (-5.2%) $241.7m (-34.2%) $480.3m (18.4%) 16.4% (-30.5%) $1.47 (-33.8%)

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