Discounted Cash Flow

American Well Corp.

AMWL · 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)
2018 $114.0m $362.0k $-75.9m 0.3% $-1.30
2019 $148.9m (30.6%) $-1.2m (-424.9%) $-83.2m (-9.6%) -0.8% (-348.7%) $-0.59 (54.3%)
2020 $245.3m (64.8%) $-4.2m (-256.6%) $-4.2m (95.0%) -1.7% (-116.4%) $-2.27 (-282.4%)
2021 $252.8m (3.1%) $-448.0k (89.3%) $-142.1m (-3288.1%) -0.2% (89.6%) $-0.69 (69.6%)
2022 $277.2m (9.7%) $-1.6m (-266.7%) $-192.6m (-35.6%) -0.6% (-234.5%) $-0.99 (-43.5%)
2023 $259.0m (-6.5%) $-4.0m (-143.9%) $-4.0m (97.9%) -1.5% (-161.0%) $-2.38 (-140.4%)
2024 $254.4m (-1.8%) $-4.5m (-12.2%) $-4.5m (-12.2%) -1.8% (-14.2%) $-13.88 (-483.2%)
2025 $249.3m (-2.0%) $733.0k (116.3%) $-66.0m (-1367.7%) 0.3% (116.6%) $-5.96 (57.1%)

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

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.