Discounted Cash Flow

Buckle Inc.

BKE · 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 $1.1b $147.3m $124.7m 13.2% $3.06
2017 $974.9m (-12.9%) $98.0m (-33.5%) $117.2m (-6.0%) 10.0% (-23.6%) $2.04 (-33.3%)
2018 $913.4m (-6.3%) $89.7m (-8.4%) $106.3m (-9.3%) 9.8% (-2.3%) $1.86 (-8.8%)
2019 $885.5m (-3.1%) $95.6m (6.6%) $98.7m (-7.1%) 10.8% (9.9%) $1.97 (5.9%)
2020 $900.3m (1.7%) $104.4m (9.2%) $123.3m (25.0%) 11.6% (7.4%) $2.15 (9.1%)
2021 $901.3m (0.1%) $130.1m (24.6%) $219.8m (78.2%) 14.4% (24.5%) $2.67 (24.2%)
2022 $1.3b (43.6%) $254.8m (95.8%) $292.7m (33.2%) 19.7% (36.3%) $5.20 (94.8%)
2023 $1.3b (3.9%) $254.6m (-0.1%) $212.0m (-27.6%) 18.9% (-3.8%) $5.17 (-0.6%)
2024 $1.3b (-6.3%) $219.9m (-13.6%) $217.4m (2.5%) 17.4% (-7.9%) $4.44 (-14.1%)
2025 $1.2b (-3.4%) $195.5m (-11.1%) $199.7m (-8.1%) 16.1% (-7.9%) $3.92 (-11.7%)

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