Discounted Cash Flow

Arhaus, Inc.

ARHS · 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)
2019 $494.5m $7.5m $20.0m 1.5%
2020 $507.4m (2.6%) $6.1m (-19.2%) $6.1m (-69.6%) 1.2% (-21.3%) $0.03
2021 $796.9m (57.1%) $21.1m (247.2%) $146.2m (2304.5%) 2.6% (121.1%) $0.18 (500.0%)
2022 $1.2b (54.2%) $136.6m (547.0%) $74.5m (-49.1%) 11.1% (319.6%) $0.99 (450.0%)
2023 $1.3b (4.8%) $125.2m (-8.3%) $172.3m (131.4%) 9.7% (-12.5%) $0.90 (-9.1%)
2024 $1.3b (-1.3%) $68.5m (-45.3%) $147.1m (-14.6%) 5.4% (-44.5%) $0.49 (-45.6%)
2025 $1.4b (8.5%) $67.3m (-1.9%) $136.8m (-7.0%) 4.9% (-9.6%) $0.48 (-2.0%)

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