Discounted Cash Flow

Baxter International Inc.

BAX · Based on 10 years of SEC filings

DCF estimate unavailable — loss_in_2024

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 $10.2b $5.0b $935.0m 48.9% $9.09
2017 $10.6b (3.9%) $717.0m (-85.6%) $1.2b (28.7%) 6.8% (-86.1%) $1.32 (-85.5%)
2018 $11.1b (5.4%) $1.6b (126.5%) $1.4b (17.6%) 14.6% (115.0%) $3.04 (130.3%)
2019 $11.4b (2.1%) $1.0b (-38.4%) $1.4b (-0.5%) 8.8% (-39.6%) $1.97 (-35.2%)
2020 $11.7b (2.7%) $1.1b (10.1%) $1.2b (-17.7%) 9.4% (7.2%) $2.17 (10.2%)
2021 $12.8b (9.5%) $1.3b (16.5%) $1.5b (27.6%) 10.0% (6.4%) $2.56 (18.0%)
2022 $15.1b (18.2%) $-2.4b (-289.5%) $-107.0m (-107.2%) -16.1% (-260.3%) $-4.83 (-288.7%)
2023 $14.8b (-2.0%) $2.7b (209.2%) $771.0m (820.6%) 17.9% (211.4%) $5.25 (208.7%)
2024 $10.6b (-28.2%) $-649.0m (-124.4%) $359.0m (-53.4%) -6.1% (-134.0%) $-1.27 (-124.2%)
2025 $11.2b (5.7%) $-957.0m (-47.5%) $429.0m (19.5%) -8.5% (-39.5%) $-1.87 (-47.2%)

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

loss_in_2024

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