Discounted Cash Flow

United Breweries Co. Inc. ADR

CCU · 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 $1.6t $118.5b $163.0b 7.6% $320.59
2017 $1.7t (8.9%) $129.6b (9.4%) $212.8b (30.6%) 7.6% (0.4%) $350.76 (9.4%)
2018 $1.8t (5.0%) $306.9b (136.8%) $369.8b (73.7%) 17.2% (125.5%) $830.55 (136.8%)
2019 $1.8t (2.2%) $145.6b (-52.5%) $228.8b (-38.1%) 8.0% (-53.6%)
2020 $1.9t (1.9%) $108.2b (-25.7%) $261.4b (14.3%) 5.8% (-27.1%)
2021 $2.5t (33.8%) $219.1b (102.5%) $287.6b (10.0%) 8.8% (51.4%) $539.00
2022 $2.7t (9.1%) $135.5b (-38.1%) $9.5b (-96.7%) 5.0% (-43.3%) $319.80 (-40.7%)
2023 $2.6t (-5.4%) $118.4b (-12.6%) $287.0b (2930.3%) 4.6% (-7.6%) $285.93 (-10.6%)
2024 $2.9t (13.2%) $176.5b (49.1%) $276.9b (-3.5%) 6.1% (31.7%) $435.57 (52.3%)
2025 $2.9t (0.2%) $137.3b (-22.2%) $228.1b (-17.6%) 4.7% (-22.4%) $317.05 (-27.2%)

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