Discounted Cash Flow

Brinks Co.

BCO · 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 $3.0b $34.5m $55.3m 1.1% $0.69
2017 $3.3b (10.8%) $16.7m (-51.6%) $77.6m (40.3%) 0.5% (-56.3%) $0.33 (-52.2%)
2018 $3.5b (4.2%) $-33.3m (-299.4%) $209.0m (169.3%) -1.0% (-291.3%) $-0.65 (-297.0%)
2019 $3.7b (5.6%) $29.0m (187.1%) $203.8m (-2.5%) 0.8% (182.5%) $0.58 (189.2%)
2020 $3.7b (0.2%) $16.0m (-44.8%) $199.2m (-2.3%) 0.4% (-44.9%) $0.32 (-44.8%)
2021 $4.2b (13.8%) $105.2m (557.5%) $310.1m (55.7%) 2.5% (477.8%) $2.12 (562.5%)
2022 $4.5b (8.0%) $170.6m (62.2%) $297.3m (-4.1%) 3.8% (50.2%) $3.61 (70.3%)
2023 $4.9b (7.5%) $87.7m (-48.6%) $499.7m (68.1%) 1.8% (-52.2%) $1.90 (-47.4%)
2024 $5.0b (2.8%) $162.9m (85.7%) $203.5m (-59.3%) 3.3% (80.7%) $3.68 (93.7%)
2025 $5.3b (5.0%) $199.7m (22.6%) $436.4m (114.4%) 3.8% (16.8%) $4.73 (28.5%)

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