Discounted Cash Flow

Aspen Aerogels Inc.

ASPN · 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 $117.7m $-12.0m $-13.8m -10.2% $-0.52
2017 $111.6m (-5.2%) $-19.3m (-60.7%) $-10.7m (22.3%) -17.3% (-69.5%) $-0.83 (-59.6%)
2018 $104.4m (-6.5%) $-34.4m (-78.3%) $-12.2m (-14.2%) -33.0% (-90.7%) $-1.45 (-74.7%)
2019 $139.4m (33.6%) $-14.6m (57.7%) $-3.2m (74.1%) -10.5% (68.3%) $-0.60 (58.6%)
2020 $100.3m (-28.1%) $-21.8m (-49.7%) $-13.3m (-321.4%) -21.7% (-108.1%) $-0.83 (-38.3%)
2021 $121.6m (21.3%) $-37.1m (-70.1%) $-32.4m (-142.9%) -30.5% (-40.2%) $-1.22 (-47.0%)
2022 $180.4m (48.3%) $-82.7m (-123.0%) $-272.4m (-740.5%) -45.9% (-50.4%) $-2.10 (-72.1%)
2023 $238.7m (32.4%) $-45.8m (44.6%) $-218.1m (19.9%) -19.2% (58.2%) $-0.66 (68.6%)
2024 $452.7m (89.6%) $13.4m (129.2%) $-40.7m (81.3%) 3.0% (115.4%) $0.17 (125.8%)
2025 $271.1m (-40.1%) $-389.6m (-3012.5%) $-4.6m (88.8%) -143.7% (-4963.5%) $-4.73 (-2882.4%)

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

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.