Discounted Cash Flow

Axalta Coating Systems Ltd.

AXTA · 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 $4.1b $41.8m $41.8m 1.0% $0.18
2017 $4.4b (6.9%) $36.7m (-12.2%) $415.0m (892.8%) 0.8% (-17.8%) $0.15 (-16.7%)
2018 $4.7b (7.3%) $207.1m (464.3%) $352.7m (-15.0%) 4.4% (426.0%) $0.87 (480.0%)
2019 $4.5b (-4.0%) $249.0m (20.2%) $460.6m (30.6%) 5.6% (25.3%) $1.06 (21.8%)
2020 $3.7b (-16.6%) $121.6m (-51.2%) $427.2m (-7.3%) 3.3% (-41.4%) $0.52 (-50.9%)
2021 $4.4b (18.2%) $263.9m (117.0%) $437.0m (2.3%) 6.0% (83.7%) $1.14 (119.2%)
2022 $4.9b (10.6%) $191.6m (-27.4%) $142.9m (-67.3%) 3.9% (-34.4%) $0.86 (-24.6%)
2023 $5.2b (6.1%) $267.4m (39.6%) $437.4m (206.1%) 5.2% (31.5%) $1.21 (40.7%)
2024 $5.3b (1.8%) $391.0m (46.2%) $436.0m (-0.3%) 7.4% (43.7%) $1.78 (47.1%)
2025 $5.1b (-3.0%) $378.0m (-3.3%) $453.0m (3.9%) 7.4% (-0.3%) $1.75 (-1.7%)

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