Discounted Cash Flow

Brainsway Ltd. ADR

BWAY · 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)
2017 $11.1m $6.7m $-3.5m 60.3%
2018 $16.4m (47.1%) $-6.3m (-193.4%) $-3.8m (-8.8%) -38.2% (-163.5%)
2019 $23.1m (40.9%) $-9.9m (-58.0%) $-7.2m (-92.0%) -42.9% (-12.1%)
2020 $22.1m (-4.5%) $-5.1m (48.0%) $-1.4m (80.2%) -23.3% (45.6%)
2021 $29.7m (34.5%) $-6.4m (-24.7%) $884.0k (161.6%) -21.6% (7.3%) $-0.21
2022 $27.2m (-8.4%) $-13.0m (-103.1%) $-9.8m (-1204.1%) -48.0% (-121.6%) $-0.40 (-90.5%)
2023 $31.8m (17.0%) $-3.9m (69.7%) $1.3m (113.2%) -12.4% (74.1%) $-0.13 (67.5%)
2024 $41.0m (29.0%) $3.5m (187.7%) $10.3m (702.0%) 8.4% (167.9%) $0.09 (169.2%)
2025 $52.2m (27.3%) $7.6m (120.7%) $17.5m (69.8%) 14.6% (73.3%) $0.18 (100.0%)

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