Discounted Cash Flow

Avalonbay Communities Inc. REIT

AVB · Based on 10 years of SEC filings

DCF estimate unavailable — only_5_profitable_out_of_10

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 $2.0b $1.0b $1.1b 50.6% $7.53
2017 $2.2b (5.5%) $876.9m (-15.2%) $1.2b (9.7%) 40.6% (-19.6%) $6.36 (-15.5%)
2018 $3.6m (-99.8%) $974.5m (11.1%) $1.3b (4.0%) 27282.3% (67058.2%) $7.05 (10.8%)
2019 $5.0m (38.9%) $-129.0k (-100.0%) $-129.0k (-100.0%) -2.6% (-100.0%) $5.64 (-20.0%)
2020 $3.8m (-23.0%) $-76.0k (41.1%) $-76.0k (41.1%) -2.0% (23.5%) $5.89 (4.4%)
2021 $3.1m (-19.2%) $-57.0k (25.0%) $-57.0k (25.0%) -1.8% (7.1%) $7.19 (22.1%)
2022 $6.3m (105.4%) $337.0k (691.2%) $337.0k (691.2%) 5.3% (387.9%) $8.13 (13.1%)
2023 $7.7m (21.9%) $387.0k (14.8%) $387.0k (14.8%) 5.0% (-5.8%) $6.56 (-19.3%)
2024 $7.1m (-8.3%) $-181.0k (-146.8%) $-181.0k (-146.8%) -2.6% (-151.0%) $7.61 (16.0%)
2025 $7.0m (-0.6%) $-5.3m (-2827.1%) $-5.3m (-2827.1%) -75.2% (-2843.3%) $7.40 (-2.8%)

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

only_5_profitable_out_of_10

Once the company meets all DCF eligibility criteria (sufficient history, profitability, growth trends), an estimate will become available automatically. No action is needed.