Discounted Cash Flow

Cerus Corp.

CERS · Based on 10 years of SEC filings

DCF estimate unavailable — only_0_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 $39.3m $-62.9m $-54.1m -160.2% $-0.62
2017 $51.3m (30.7%) $-60.6m (3.7%) $-52.6m (2.8%) -118.0% (26.3%) $-0.56 (9.7%)
2018 $76.1m (48.2%) $-57.6m (5.0%) $-32.4m (38.4%) -75.7% (35.9%) $-0.44 (21.4%)
2019 $93.8m (23.3%) $-71.2m (-23.8%) $-74.8m (-130.9%) -76.0% (-0.4%) $-0.51 (-15.9%)
2020 $114.2m (21.8%) $-59.9m (16.0%) $-42.4m (43.4%) -52.4% (31.0%) $-0.37 (27.5%)
2021 $159.5m (39.6%) $-54.4m (9.2%) $-34.8m (17.8%) -34.1% (34.9%) $-0.32 (13.5%)
2022 $188.3m (18.1%) $-42.8m (21.3%) $-27.6m (20.7%) -22.7% (33.4%) $-0.24 (25.0%)
2023 $186.8m (-0.8%) $-37.5m (12.4%) $-47.8m (-73.0%) -20.1% (11.7%) $-0.21 (12.5%)
2024 $201.3m (7.8%) $-20.9m (44.2%) $8.5m (117.8%) -10.4% (48.2%) $-0.11 (47.6%)
2025 $233.8m (16.1%) $-15.6m (25.3%) $1.1m (-87.0%) -6.7% (35.7%) $-0.08 (27.3%)

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

only_0_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.