Discounted Cash Flow

Array Technologies, Inc.

ARRY · Based on 10 years of SEC filings

DCF estimate unavailable — loss_in_2024

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)
2018 $290.8m $-60.8m $-13.8m -20.9% $-0.51
2019 $647.9m (122.8%) $39.7m (165.4%) $384.4m (2885.3%) 6.1% (129.4%) $0.33 (165.4%)
2020 $872.7m (34.7%) $59.1m (48.6%) $-123.5m (-132.1%) 6.8% (10.3%) $0.49 (46.8%)
2021 $853.3m (-2.2%) $-50.4m (-185.3%) $-266.5m (-115.7%) -5.9% (-187.3%) $-0.39 (-179.7%)
2022 $1.6b (91.9%) $4.4m (108.8%) $130.9m (149.1%) 0.3% (104.6%) $0.03 (107.6%)
2023 $1.6b (-3.7%) $137.2m (2996.6%) $215.0m (64.3%) 8.7% (3116.4%) $0.91 (2973.5%)
2024 $915.8m (-41.9%) $-240.4m (-275.2%) $146.7m (-31.8%) -26.2% (-401.5%) $-1.58 (-274.2%)
2025 $1.3b (40.2%) $-52.2m (78.3%) $79.8m (-45.6%) -4.1% (84.5%) $-0.34 (78.4%)

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_2024

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