Discounted Cash Flow

Baker Hughes Co.

BKR · 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 $13.3b $0 $262.0m 0.0% $0.00
2017 $17.3b (30.1%) $-73.0m $-1.5b (-658.8%) -0.4% $-0.17
2018 $22.9b (32.6%) $195.0m (367.1%) $767.0m (152.4%) 0.9% (301.5%) $0.46 (370.6%)
2019 $23.8b (4.2%) $128.0m (-34.4%) $886.0m (15.5%) 0.5% (-37.0%) $0.23 (-50.0%)
2020 $20.7b (-13.1%) $-9.9b (-7865.6%) $330.0m (-62.8%) -48.0% (-9040.7%) $-14.73 (-6504.3%)
2021 $20.5b (-1.0%) $-219.0m (97.8%) $1.5b (360.0%) -1.1% (97.8%) $-0.27 (98.2%)
2022 $21.2b (3.2%) $-601.0m (-174.4%) $899.0m (-40.8%) -2.8% (-165.9%) $-0.61 (-125.9%)
2023 $25.5b (20.6%) $1.9b (423.3%) $1.8b (104.4%) 7.6% (368.2%) $1.93 (416.4%)
2024 $27.8b (9.1%) $3.0b (53.3%) $2.1b (11.8%) 10.7% (40.5%) $3.00 (55.4%)
2025 $27.7b (-0.3%) $2.6b (-13.1%) $2.5b (23.5%) 9.3% (-12.8%) $2.62 (-12.7%)

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