Discounted Cash Flow

Ardelyx, Inc.

ARDX · 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)
2016 $24.0m $-112.4m $-97.4m -467.8%
2017 $42.0m (74.8%) $-64.3m (42.8%) $-67.5m (30.7%) -153.2% (67.3%)
2018 $2.6m (-93.8%) $-91.3m (-41.9%) $-70.6m (-4.5%) -3502.0% (-2186.1%)
2019 $5.3m (102.6%) $-94.9m (-4.0%) $-76.8m (-8.8%) -1797.8% (48.7%)
2020 $7.6m (43.4%) $-94.3m (0.7%) $-81.8m (-6.4%) -1245.7% (30.7%)
2021 $10.1m (33.4%) $-158.2m (-67.7%) $-154.4m (-88.9%) -1566.5% (-25.7%) $-1.52
2022 $52.2m (416.6%) $-67.2m (57.5%) $-70.1m (54.6%) -128.9% (91.8%) $-0.42 (72.4%)
2023 $124.5m (138.6%) $-66.1m (1.7%) $-90.1m (-28.5%) -53.1% (58.8%) $-0.30 (28.6%)
2024 $333.6m (168.1%) $-39.1m (40.8%) $-45.8m (49.1%) -11.7% (77.9%) $-0.17 (43.3%)
2025 $407.3m (22.1%) $-61.6m (-57.4%) $-44.0m (4.0%) -15.1% (-28.9%) $-0.26 (-52.9%)

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.