Discounted Cash Flow

ATI Inc.

ATI · 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)
2016 $3.1b $-640.9m $-43.7m -20.4% $-5.97
2017 $3.5b (12.5%) $-91.9m (85.7%) $22.4m (151.3%) -2.6% (87.2%) $-0.83 (86.1%)
2018 $4.0b (14.8%) $222.4m (342.0%) $392.8m (1653.6%) 5.5% (310.8%) $1.78 (314.5%)
2019 $4.1b (1.9%) $257.6m (15.8%) $230.1m (-41.4%) 6.2% (13.7%) $2.05 (15.2%)
2020 $3.0b (-27.7%) $-1.6b (-710.5%) $166.9m (-27.5%) -52.7% (-943.9%) $-12.43 (-706.3%)
2021 $2.8b (-6.1%) $-38.2m (97.6%) $16.1m (-90.4%) -1.4% (97.4%) $-0.30 (97.6%)
2022 $3.8b (37.0%) $130.9m (442.7%) $94.0m (483.9%) 3.4% (350.1%) $1.03 (443.3%)
2023 $4.2b (8.8%) $410.8m (213.8%) $-114.8m (-222.1%) 9.8% (188.4%) $3.21 (211.7%)
2024 $4.4b (4.5%) $367.8m (-10.5%) $168.1m (246.4%) 8.4% (-14.3%) $2.82 (-12.1%)
2025 $4.6b (5.2%) $404.3m (9.9%) $333.7m (98.5%) 8.8% (4.5%) $2.92 (3.5%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Values abbreviated: b = billions, m = millions, k = thousands.

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