Discounted Cash Flow

Balchem Corp.

BCPC · 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 $553.2m $56.0m $84.6m 10.1% $1.78
2017 $594.8m (7.5%) $90.1m (60.9%) $83.1m (-1.8%) 15.1% (49.7%) $2.83 (59.0%)
2018 $643.7m (8.2%) $78.6m (-12.8%) $99.5m (19.8%) 12.2% (-19.4%) $2.45 (-13.4%)
2019 $643.7m (0.0%) $79.7m (1.4%) $98.7m (-0.9%) 12.4% (1.4%) $2.48 (1.2%)
2020 $703.6m (9.3%) $84.6m (6.2%) $118.4m (20.0%) 12.0% (-2.8%) $2.63 (6.0%)
2021 $799.0m (13.6%) $96.1m (13.6%) $124.4m (5.0%) 12.0% (0.0%) $2.98 (13.3%)
2022 $942.4m (17.9%) $105.4m (9.6%) $89.5m (-28.1%) 11.2% (-7.0%) $3.29 (10.4%)
2023 $922.4m (-2.1%) $108.5m (3.0%) $145.9m (63.1%) 11.8% (5.2%) $3.38 (2.7%)
2024 $953.7m (3.4%) $128.5m (18.4%) $146.3m (0.3%) 13.5% (14.5%) $3.97 (17.5%)
2025 $1.0b (8.8%) $154.8m (20.5%) $173.1m (18.3%) 14.9% (10.8%) $4.80 (20.9%)

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