Discounted Cash Flow

Collegium Pharmaceutical, Inc.

COLL · 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 $-94.2m $-75.5m $-3.88
2017 $-74.9m (20.5%) $-68.0m (10.0%) $-2.47 (36.3%)
2018 $280.4m $-39.1m (47.7%) $163.9m (341.0%) -14.0% $-1.19 (51.8%)
2019 $296.7m (5.8%) $-22.7m (41.9%) $21.3m (-87.0%) -7.7% (45.1%) $-0.68 (42.9%)
2020 $310.0m (4.5%) $26.8m (217.7%) $88.4m (314.1%) 8.6% (212.7%) $0.78 (214.7%)
2021 $276.9m (-10.7%) $71.5m (167.3%) $101.6m (15.0%) 25.8% (199.3%) $2.05 (162.8%)
2022 $463.9m (67.6%) $-25.0m (-135.0%) $122.6m (20.7%) -5.4% (-120.9%) $-0.74 (-136.1%)
2023 $566.8m (22.2%) $48.2m (292.6%) $274.3m (123.7%) 8.5% (257.7%) $1.43 (293.2%)
2024 $631.4m (11.4%) $69.2m (43.7%) $203.3m (-25.9%) 11.0% (29.0%) $2.14 (49.7%)
2025 $780.6m (23.6%) $62.9m (-9.1%) $327.6m (61.1%) 8.1% (-26.5%) $1.98 (-7.5%)

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