Discounted Cash Flow

Amphastar Pharmaceuticals, Inc.

AMPH · 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 $255.2m $10.5m $17.2m 4.1% $0.23
2017 $240.2m (-5.9%) $4.5m (-57.2%) $4.1m (-76.1%) 1.9% (-54.5%) $0.10 (-56.5%)
2018 $294.7m (22.7%) $-5.7m (-227.3%) $-8.6m (-309.7%) -1.9% (-203.7%) $-0.12 (-220.0%)
2019 $322.4m (9.4%) $48.9m (952.9%) $207.0k (102.4%) 15.2% (879.6%) $1.04 (966.7%)
2020 $349.8m (8.5%) $1.4m (-97.1%) $23.4m (11209.7%) 0.4% (-97.4%) $0.03 (-97.1%)
2021 $437.8m (25.1%) $62.1m (4327.4%) $70.5m (201.3%) 14.2% (3438.2%) $1.30 (4233.3%)
2022 $499.0m (14.0%) $91.4m (47.1%) $65.1m (-7.6%) 18.3% (29.1%) $1.88 (44.6%)
2023 $644.4m (29.1%) $137.5m (50.5%) $145.3m (123.1%) 21.3% (16.5%) $2.85 (51.6%)
2024 $732.0m (13.6%) $159.5m (16.0%) $172.3m (18.6%) 21.8% (2.1%) $3.29 (15.4%)
2025 $719.9m (-1.7%) $98.1m (-38.5%) $121.2m (-29.7%) 13.6% (-37.5%) $2.10 (-36.2%)

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