Discounted Cash Flow

Atlanticus Holdings Corp.

ATLC · 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 $68.4m $-6.3m $38.7m -9.3% $-0.46
2017 $87.0m (27.2%) $-40.8m (-543.7%) $-25.9m (-166.9%) -46.9% (-406.2%) $-2.93 (-537.0%)
2018 $161.2m (85.2%) $7.9m (119.3%) $41.5m (260.4%) 4.9% (110.4%) $0.56 (119.1%)
2019 $261.2m (62.1%) $26.4m (236.6%) $99.7m (140.4%) 10.1% (107.7%) $1.74 (210.7%)
2020 $563.4m (115.7%) $94.1m (255.9%) $212.0m (112.6%) 16.7% (65.0%) $5.32 (205.7%)
2021 $748.1m (32.8%) $177.9m (89.0%) $205.3m (-3.2%) 23.8% (42.4%) $10.32 (94.0%)
2022 $1.0b (40.0%) $135.6m (-23.8%) $341.3m (66.3%) 13.0% (-45.5%) $7.55 (-26.8%)
2023 $1.2b (10.4%) $102.8m (-24.2%) $455.3m (33.4%) 8.9% (-31.3%) $5.35 (-29.1%)
2024 $1.3b (13.5%) $111.3m (8.2%) $467.6m (2.7%) 8.5% (-4.6%) $5.92 (10.7%)
2025 $2.0b (50.1%) $122.2m (9.8%) $632.9m (35.4%) 6.2% (-26.8%) $7.40 (25.0%)

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