Discounted Cash Flow

Conagra Brands Inc.

CAG · 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 $1.5b $-677.0m $777.6m -45.1% $-1.57
2017 $7.8b (421.8%) $639.3m (194.4%) $933.4m (20.0%) 8.2% (118.1%) $1.48 (194.3%)
2018 $7.9b (1.4%) $808.4m (26.5%) $702.6m (-24.7%) 10.2% (24.7%) $2.00 (35.1%)
2019 $9.5b (20.2%) $678.3m (-16.1%) $772.4m (9.9%) 7.1% (-30.2%) $1.53 (-23.5%)
2020 $11.1b (15.9%) $840.1m (23.9%) $1.5b (90.7%) 7.6% (6.9%) $1.72 (12.4%)
2021 $11.2b (1.2%) $1.3b (54.6%) $961.7m (-34.7%) 11.6% (52.8%) $2.67 (55.2%)
2022 $11.5b (3.1%) $888.2m (-31.6%) $712.9m (-25.9%) 7.7% (-33.7%) $1.85 (-30.7%)
2023 $12.3b (6.4%) $683.6m (-23.0%) $633.2m (-11.2%) 5.6% (-27.7%) $1.43 (-22.7%)
2024 $12.1b (-1.8%) $347.2m (-49.2%) $1.6b (157.0%) 2.9% (-48.3%) $0.73 (-49.0%)
2025 $11.6b (-3.6%) $1.2b (231.9%) $1.3b (-20.0%) 9.9% (244.4%) $2.41 (230.1%)

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