Discounted Cash Flow

American Public Education Inc.

APEI · Based on 10 years of SEC filings

DCF estimate unavailable — loss_in_2023

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 $313.1m $24.2m $42.2m 7.7% $1.50
2017 $299.2m (-4.4%) $21.1m (-12.6%) $37.1m (-12.1%) 7.1% (-8.5%) $1.30 (-13.3%)
2018 $297.7m (-0.5%) $25.6m (21.4%) $34.7m (-6.3%) 8.6% (22.0%) $1.56 (20.0%)
2019 $286.3m (-3.8%) $10.0m (-60.9%) $31.1m (-10.5%) 3.5% (-59.4%) $0.62 (-60.3%)
2020 $321.8m (12.4%) $18.8m (88.0%) $39.9m (28.2%) 5.8% (67.2%) $1.27 (104.8%)
2021 $418.8m (30.1%) $17.8m (-5.7%) $4.4m (-88.9%) 4.2% (-27.5%) $0.98 (-22.8%)
2022 $606.3m (44.8%) $-115.0m (-747.8%) $12.8m (189.1%) -19.0% (-547.4%) $-6.10 (-722.4%)
2023 $600.5m (-1.0%) $-47.3m (58.9%) $31.6m (146.5%) -7.9% (58.5%) $-2.94 (51.8%)
2024 $624.6m (4.0%) $16.1m (134.1%) $27.8m (-12.1%) 2.6% (132.8%) $0.57 (119.4%)
2025 $648.9m (3.9%) $31.6m (95.8%) $46.1m (65.9%) 4.9% (88.5%) $1.40 (145.6%)

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

loss_in_2023

Once the company meets all DCF eligibility criteria (sufficient history, profitability, growth trends), an estimate will become available automatically. No action is needed.