Discounted Cash Flow

Beazer Homes USA Inc.

BZH · 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 $1.8b $4.7m $150.8m 0.3% $0.15
2017 $1.9b (5.2%) $31.8m (577.9%) $83.5m (-44.7%) 1.7% (544.6%) $1.00 (566.7%)
2018 $2.1b (10.0%) $-45.4m (-242.6%) $13.3m (-84.1%) -2.2% (-229.7%) $-1.41 (-241.0%)
2019 $2.1b (-0.9%) $-79.5m (-75.3%) $92.3m (595.5%) -3.8% (-76.9%) $-2.60 (-84.4%)
2020 $2.1b (1.9%) $52.2m (165.7%) $278.5m (201.8%) 2.5% (164.5%) $1.76 (167.7%)
2021 $2.1b (0.6%) $122.0m (133.6%) $17.0m (-93.9%) 5.7% (132.2%) $4.07 (131.3%)
2022 $2.3b (8.3%) $220.7m (80.9%) $66.0m (288.1%) 9.5% (67.1%) $7.25 (78.1%)
2023 $2.2b (-4.8%) $158.6m (-28.1%) $157.7m (138.9%) 7.2% (-24.5%) $5.23 (-27.9%)
2024 $2.3b (5.6%) $140.2m (-11.6%) $-159.9m (-201.4%) 6.0% (-16.3%) $4.59 (-12.2%)
2025 $2.4b (1.8%) $45.6m (-67.5%) $3.5m (102.2%) 1.9% (-68.0%) $1.53 (-66.7%)

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