Discounted Cash Flow

Avis Budget Group, Inc.

CAR · Based on 10 years of SEC filings

DCF estimate unavailable — only_6_profitable_out_of_10

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 $8.7b $163.0m $163.0m 1.9% $1.78
2017 $8.8b (2.2%) $361.0m (121.5%) $2.6b (1524.5%) 4.1% (116.7%) $4.32 (142.7%)
2018 $9.1b (3.1%) $165.0m (-54.3%) $165.0m (-93.8%) 1.8% (-55.7%) $2.08 (-51.9%)
2019 $9.2b (0.5%) $0 (-100.0%) $2.6b (1467.3%) 0.0% (-100.0%) $4.01 (92.8%)
2020 $5.4b (-41.1%) $0 $691.0m (-73.3%) 0.0% $-9.71 (-342.1%)
2021 $9.3b (72.4%) $1.3b $3.5b (405.2%) 13.8% $19.79 (303.8%)
2022 $12.0b (28.8%) $2.8b (115.1%) $-6.0b (-272.7%) 23.0% (67.0%) $58.41 (195.1%)
2023 $12.0b (0.1%) $1.6b (-41.0%) $-11.6b (-92.9%) 13.6% (-41.0%) $42.57 (-27.1%)
2024 $11.8b (-1.8%) $-1.8b (-211.6%) $-6.5b (43.7%) -15.4% (-213.7%) $-51.23 (-220.3%)
2025 $11.7b (-1.2%) $-889.0m (51.2%) $-889.0m (86.4%) -7.6% (50.6%) $-25.25 (50.7%)

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

only_6_profitable_out_of_10

Once the company meets all DCF eligibility criteria (sufficient history, profitability, growth trends), an estimate will become available automatically. No action is needed.