Discounted Cash Flow

Aerovironment Inc.

AVAV · 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)
2017 $264.9m $12.5m $-20.4m 4.7% $0.54
2018 $271.1m (2.3%) $20.1m (60.8%) $60.9m (399.0%) 7.4% (57.1%) $0.86 (59.3%)
2019 $314.3m (15.9%) $47.4m (136.4%) $18.1m (-70.3%) 15.1% (103.9%) $2.00 (132.6%)
2020 $367.3m (16.9%) $41.1m (-13.4%) $13.9m (-23.1%) 11.2% (-25.9%) $1.73 (-13.5%)
2021 $394.9m (7.5%) $42.8m (4.1%) $86.5m (523.6%) 10.8% (-3.1%) $0.97 (-43.9%)
2022 $445.7m (12.9%) $-4.2m (-109.8%) $-31.9m (-136.9%) -0.9% (-108.7%) $-0.17 (-117.5%)
2023 $540.5m (21.3%) $-176.2m (-4107.5%) $-3.5m (89.1%) -32.6% (-3369.6%) $-7.04 (-4041.2%)
2024 $716.7m (32.6%) $59.7m (133.9%) $-7.7m (-121.8%) 8.3% (125.5%) $2.19 (131.1%)
2025 $820.6m (14.5%) $43.6m (-26.9%) $-24.1m (-213.8%) 5.3% (-36.2%) $1.56 (-28.8%)
2026 $2.0b (140.9%) $-265.1m (-707.8%) $-140.9m (-484.0%) -13.4% (-352.3%) $-5.40 (-446.2%)

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.