Discounted Cash Flow

Booz Allen Hamilton Holding Corp.

BAH · 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 $5.8b $252.5m $328.4m 4.4% $1.69
2018 $6.2b (6.3%) $305.1m (20.8%) $290.7m (-11.5%) 4.9% (13.6%) $2.08 (23.1%)
2019 $6.7b (8.6%) $418.5m (37.2%) $404.9m (39.3%) 6.2% (26.3%) $2.94 (41.3%)
2020 $7.5b (11.3%) $482.6m (15.3%) $423.3m (4.5%) 6.5% (3.6%) $3.43 (16.7%)
2021 $7.9b (5.3%) $609.0m (26.2%) $631.5m (49.2%) 7.7% (19.8%) $4.40 (28.3%)
2022 $8.4b (6.4%) $466.7m (-23.4%) $656.6m (4.0%) 5.6% (-28.0%) $3.46 (-21.4%)
2023 $9.3b (10.7%) $271.8m (-41.8%) $526.7m (-19.8%) 2.9% (-47.4%) $2.04 (-41.0%)
2024 $10.7b (15.2%) $605.7m (122.9%) $242.7m (-53.9%) 5.7% (93.5%) $4.61 (126.0%)
2025 $12.0b (12.4%) $935.0m (54.4%) $1.0b (312.0%) 7.8% (37.4%) $7.28 (57.9%)
2026 $11.2b (-6.4%) $851.0m (-9.0%) $1.0b (3.3%) 7.6% (-2.8%) $6.92 (-4.9%)

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