Discounted Cash Flow
Air Products & Chemicals, Inc.
—
—
Average annual growth rates
| Metric | 10-Year | 5-Year | 3-Year |
|---|---|---|---|
| Sales | — | — | — |
| Free Cash Flow | — | — | — |
| Average (FCF & NI) | — | — | — |
| Net Income | — | — | — |
| Dividends | — | — | — |
Endpoint CAGR (better for long term trend)
| Metric | 10-Year | 5-Year | 3-Year |
|---|---|---|---|
| Sales | — | — | — |
| Free Cash Flow | — | — | — |
| Average (FCF & NI) | — | — | — |
| Net Income | — | — | — |
Projected growth rate
—
—
%
%
Historical inputs (10 fiscal years)
| YEAR | Sales | Net Income | Free Cash Flow | Net Margin | EPS (diluted) |
|---|---|---|---|---|---|
| 2016 | $9.5b | $631.1m | $-934.7m | 6.6% | $2.92 |
| 2017 | $8.2b (-14.0%) | $3.0b (375.4%) | $-913.8m (2.2%) | 36.6% (453.0%) | $13.76 (371.2%) |
| 2018 | $8.9b (9.1%) | $1.5b (-50.1%) | $-1.4b (-58.2%) | 16.8% (-54.2%) | $6.83 (-50.4%) |
| 2019 | $8.9b (-0.1%) | $1.8b (17.5%) | $-1.8b (-26.9%) | 19.7% (17.7%) | $7.99 (17.0%) |
| 2020 | $8.9b (-0.7%) | $1.9b (7.2%) | $-2.4b (-33.2%) | 21.3% (8.0%) | $8.53 (6.8%) |
| 2021 | $10.3b (16.6%) | $2.1b (11.3%) | $-2.3b (5.2%) | 20.3% (-4.5%) | $9.47 (11.0%) |
| 2022 | $12.7b (23.0%) | $2.3b (7.5%) | $-2.8b (-20.9%) | 17.8% (-12.6%) | $10.16 (7.3%) |
| 2023 | $12.6b (-0.8%) | $2.3b (2.0%) | $-4.5b (-60.6%) | 18.3% (2.8%) | $10.35 (1.9%) |
| 2024 | $12.1b (-4.0%) | $3.8b (66.4%) | $-6.6b (-46.8%) | 31.6% (73.3%) | $17.21 (66.3%) |
| 2025 | $12.0b (-0.5%) | $-394.5m (-110.3%) | $-394.5m (94.0%) | -3.3% (-110.4%) | $-1.77 (-110.3%) |
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): —
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.