Discounted Cash Flow

Bellring Brands, Inc.

BRBR · 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)
2018 $827.5m $0 $136.2m 0.0% $0.00
2019 $854.4m (3.3%) $0 $95.1m (-30.2%) 0.0% $0.00
2020 $988.3m (15.7%) $23.5m $95.1m (0.0%) 2.4% $0.60
2021 $1.2b (26.2%) $27.6m (17.4%) $224.5m (136.1%) 2.2% (-6.9%) $0.70 (16.7%)
2022 $1.4b (10.0%) $82.3m (198.2%) $19.2m (-91.4%) 6.0% (171.1%) $0.88 (25.7%)
2023 $1.7b (21.5%) $165.5m (101.1%) $213.8m (1013.5%) 9.9% (65.5%) $1.24 (40.9%)
2024 $2.0b (19.8%) $246.5m (48.9%) $197.8m (-7.5%) 12.3% (24.4%) $1.89 (52.4%)
2025 $2.3b (16.1%) $216.2m (-12.3%) $255.9m (29.4%) 9.3% (-24.4%) $1.70 (-10.1%)

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