Discounted Cash Flow

Apogee Enterprises, Inc.

APOG · 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)
2017 $1.1b $85.8m $55.9m 7.7% $2.98
2018 $1.3b (19.0%) $79.5m (-7.3%) $74.3m (32.8%) 6.0% (-22.1%) $2.79 (-6.4%)
2019 $1.4b (5.8%) $45.7m (-42.5%) $35.7m (-51.9%) 3.3% (-45.6%) $1.64 (-41.2%)
2020 $1.4b (-1.1%) $61.9m (35.5%) $55.8m (56.4%) 4.5% (37.0%) $2.34 (42.7%)
2021 $1.2b (-11.3%) $15.4m (-75.1%) $115.7m (107.2%) 1.3% (-71.9%) $0.59 (-74.8%)
2022 $1.3b (6.8%) $3.5m (-77.4%) $78.6m (-32.0%) 0.3% (-78.8%) $0.14 (-76.3%)
2023 $1.4b (9.6%) $104.1m (2886.4%) $57.5m (-26.8%) 7.2% (2623.8%) $4.73 (3278.6%)
2024 $1.4b (-1.6%) $99.6m (-4.3%) $161.0m (179.9%) 7.0% (-2.7%) $4.55 (-3.8%)
2025 $1.4b (-3.9%) $85.1m (-14.6%) $89.6m (-44.4%) 6.2% (-11.1%) $3.91 (-14.1%)
2026 $1.4b (3.2%) $54.1m (-36.4%) $95.2m (6.2%) 3.9% (-38.3%) $2.54 (-35.0%)

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