Discounted Cash Flow
Cummins Inc.
—
—
Average annual growth rates
| Metric | 10-Year | 5-Year | 3-Year |
|---|---|---|---|
| Sales | — | — | — |
| Free Cash Flow | — | — | — |
| Average (FCF & NI) | — | — | — |
| Net Income | — | — | — |
Endpoint CAGR (better for long term trend)
| Metric | 10-Year | 5-Year | 3-Year |
|---|---|---|---|
| Sales | — | — | — |
| Free Cash Flow | — | — | — |
| Average (FCF & NI) | — | — | — |
| Net Income | — | — | — |
Projected growth rate
—
—
%
%
Historical inputs (10 fiscal years)
| YEAR | Sales | Net Income | Free Cash Flow | Net Margin | EPS (diluted) |
|---|---|---|---|---|---|
| 2016 | $17.5b | $1.4b | $1.4b | 8.0% | $8.25 |
| 2017 | $20.4b (16.7%) | $999.0m (-28.3%) | $1.8b (26.1%) | 4.9% (-38.6%) | $5.99 (-27.4%) |
| 2018 | $23.8b (16.4%) | $2.1b (114.3%) | $1.7b (-5.8%) | 9.0% (84.2%) | $13.20 (120.4%) |
| 2019 | $23.6b (-0.8%) | $2.3b (5.6%) | $2.5b (48.7%) | 9.6% (6.5%) | $14.54 (10.2%) |
| 2020 | $19.8b (-16.0%) | $1.8b (-20.8%) | $2.2b (-11.6%) | 9.0% (-5.8%) | $12.07 (-17.0%) |
| 2021 | $24.0b (21.3%) | $2.1b (19.1%) | $1.5b (-30.6%) | 8.9% (-1.8%) | $14.74 (22.1%) |
| 2022 | $28.1b (16.9%) | $2.2b (0.9%) | $1.0b (-31.3%) | 7.7% (-13.6%) | $15.20 (3.1%) |
| 2023 | $34.1b (21.3%) | $735.0m (-65.8%) | $2.8b (163.2%) | 2.2% (-71.8%) | $5.19 (-65.9%) |
| 2024 | $34.1b (0.1%) | $3.9b (436.9%) | $279.0m (-89.9%) | 11.6% (436.3%) | $28.55 (450.1%) |
| 2025 | $33.7b (-1.3%) | $2.8b (-28.0%) | $2.4b (755.2%) | 8.4% (-27.0%) | $20.62 (-27.8%) |
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): —
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.