Discounted Cash Flow

Arcutis Biotherapeutics, Inc.

ARQT · 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)
2017
2018 $-19.3m $-14.1m
2019 $-42.0m (-118.1%) $-43.1m (-206.2%)
2020 $0 $-135.7m (-223.1%) $-113.4m (-162.8%)
2021 $0 $-206.4m (-52.1%) $-175.6m (-54.9%) $-4.18
2022 $3.7m $-311.5m (-50.9%) $-258.0m (-46.9%) -8449.8% $-5.66 (-35.4%)
2023 $59.6m (1517.1%) $-262.1m (15.8%) $-247.5m (4.1%) -439.8% (94.8%) $-3.78 (33.2%)
2024 $196.5m (229.7%) $-140.0m (46.6%) $-112.3m (54.6%) -71.3% (83.8%) $-1.16 (69.3%)
2025 $376.1m (91.3%) $-16.1m (88.5%) $-6.3m (94.4%) -4.3% (94.0%) $-0.13 (88.8%)

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.