Discounted Cash Flow

Ashland Inc.

ASH · 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 $3.0b $-29.0m $-271.0m -1.0% $-0.47
2017 $2.3b (-23.5%) $28.0m (196.6%) $-89.0m (67.2%) 1.2% (226.2%) $0.01 (102.1%)
2018 $3.7b (62.1%) $114.0m (307.1%) $-232.0m (-160.7%) 3.0% (151.2%) $1.82 (18100.0%)
2019 $2.5b (-33.4%) $505.0m (343.0%) $-141.0m (39.2%) 20.3% (565.1%) $8.15 (347.8%)
2020 $2.3b (-6.7%) $-508.0m (-200.6%) $-248.0m (-75.9%) -21.8% (-207.8%) $-8.39 (-202.9%)
2021 $2.1b (-9.2%) $220.0m (143.3%) $-11.0m (95.6%) 10.4% (147.7%) $3.63 (143.3%)
2022 $2.4b (13.3%) $927.0m (321.4%) $-519.0m (-4618.2%) 38.8% (272.0%) $16.71 (360.3%)
2023 $2.2b (-8.4%) $178.0m (-80.8%) $-221.0m (57.4%) 8.1% (-79.0%) $3.36 (-79.9%)
2024 $2.1b (-3.6%) $169.0m (-5.1%) $-188.0m (14.9%) 8.0% (-1.6%) $3.40 (1.2%)
2025 $1.8b (-13.7%) $-845.0m (-600.0%) $-138.0m (26.6%) -46.3% (-679.2%) $-18.23 (-636.2%)

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.