Discounted Cash Flow

Ball Corp.

BALL · 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 $9.1b $263.0m $-412.0m 2.9% $1.66
2017 $11.0b (21.2%) $374.0m (42.2%) $922.0m (323.8%) 3.4% (17.3%) $1.07 (-35.5%)
2018 $11.6b (5.9%) $454.0m (21.4%) $750.0m (-18.7%) 3.9% (14.6%) $1.32 (23.4%)
2019 $11.5b (-1.4%) $566.0m (24.7%) $950.0m (26.7%) 4.9% (26.4%) $1.71 (29.5%)
2020 $11.8b (2.7%) $585.0m (3.4%) $319.0m (-66.4%) 5.0% (0.7%) $1.79 (4.7%)
2021 $13.8b (17.2%) $878.0m (50.1%) $34.0m (-89.3%) 6.4% (28.0%) $2.69 (50.3%)
2022 $15.3b (11.1%) $719.0m (-18.1%) $-1.4b (-4070.6%) 4.7% (-26.3%) $2.27 (-15.6%)
2023 $14.0b (-8.6%) $707.0m (-1.7%) $818.0m (160.6%) 5.0% (7.6%) $2.25 (-0.9%)
2024 $11.8b (-15.9%) $4.0b (466.9%) $-369.0m (-145.1%) 34.0% (574.3%) $13.12 (483.1%)
2025 $13.2b (11.6%) $912.0m (-77.2%) $788.0m (313.6%) 6.9% (-79.6%) $3.33 (-74.6%)

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