Discounted Cash Flow

AZZ Inc.

AZZ · 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)
2017 $863.5m $61.3m $69.7m 7.1% $2.36
2018 $810.4m (-6.2%) $45.2m (-26.3%) $49.3m (-29.3%) 5.6% (-21.4%) $1.74 (-26.3%)
2019 $927.1m (14.4%) $51.2m (13.4%) $89.1m (80.6%) 5.5% (-0.9%) $1.97 (13.2%)
2020 $1.1b (14.5%) $48.2m (-5.8%) $112.2m (26.0%) 4.5% (-17.8%) $1.84 (-6.6%)
2021 $838.9m (-21.0%) $39.6m (-17.9%) $55.0m (-51.0%) 4.7% (4.0%) $0.68 (-63.0%)
2022 $902.7m (7.6%) $84.0m (112.1%) $57.6m (4.8%) 9.3% (97.1%) $3.38 (397.1%)
2023 $1.3b (46.6%) $-53.0m (-163.0%) $-78.4m (-236.1%) -4.0% (-143.0%) $-2.47 (-173.1%)
2024 $1.5b (16.2%) $101.6m (291.8%) $-95.1m (-21.3%) 6.6% (265.1%) $3.48 (240.9%)
2025 $1.6b (2.6%) $128.8m (26.8%) $-115.9m (-21.8%) 8.2% (23.6%) $1.80 (-48.3%)
2026 $1.7b (4.6%) $317.3m (146.3%) $444.7m (483.7%) 19.2% (135.5%) $10.59 (488.3%)

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