Discounted Cash Flow

Cinemark Holdings, Inc.

CNK · 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 $2.9b $255.1m $124.9m 8.7% $2.19
2017 $3.0b (2.5%) $264.2m (3.6%) $147.6m (18.2%) 8.8% (1.0%) $2.26 (3.2%)
2018 $3.2b (7.7%) $213.8m (-19.1%) $210.8m (42.8%) 6.6% (-24.8%) $1.83 (-19.0%)
2019 $3.3b (1.9%) $191.4m (-10.5%) $258.4m (22.5%) 5.8% (-12.2%) $1.63 (-10.9%)
2020 $686.3m (-79.1%) $-616.8m (-422.3%) $-414.0m (-260.2%) -89.9% (-1641.8%) $-5.25 (-422.1%)
2021 $1.5b (120.1%) $-422.8m (31.5%) $70.7m (117.1%) -28.0% (68.9%) $-3.55 (32.4%)
2022 $2.5b (62.5%) $-271.2m (35.9%) $25.3m (-64.2%) -11.0% (60.5%) $-2.26 (36.3%)
2023 $3.1b (24.9%) $188.2m (169.4%) $294.8m (1065.2%) 6.1% (155.5%) $1.55 (168.6%)
2024 $3.0b (-0.6%) $309.7m (64.6%) $315.2m (6.9%) 10.2% (65.5%) $2.54 (63.9%)
2025 $3.1b (2.1%) $138.2m (-55.4%) $177.2m (-43.8%) 4.4% (-56.3%) $1.18 (-53.5%)

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