Discounted Cash Flow

Columbia Sportswear Co.

COLM · 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 $2.4b $191.9m $225.2m 8.1% $2.75
2017 $2.5b (3.7%) $105.1m (-45.2%) $287.8m (27.8%) 4.3% (-47.2%) $1.51 (-45.1%)
2018 $2.8b (13.6%) $268.3m (155.2%) $223.9m (-22.2%) 9.6% (124.6%) $3.85 (155.0%)
2019 $3.0b (8.6%) $330.5m (23.2%) $161.9m (-27.7%) 10.9% (13.5%) $4.87 (26.5%)
2020 $2.5b (-17.8%) $108.0m (-67.3%) $247.3m (52.7%) 4.3% (-60.3%) $1.63 (-66.5%)
2021 $3.1b (25.0%) $354.1m (227.8%) $319.7m (29.3%) 11.3% (162.3%) $5.37 (229.4%)
2022 $3.5b (10.8%) $311.4m (-12.0%) $-83.7m (-126.2%) 9.0% (-20.6%) $4.96 (-7.6%)
2023 $3.5b (0.7%) $251.4m (-19.3%) $581.7m (794.9%) 7.2% (-19.8%) $4.11 (-17.1%)
2024 $3.4b (-3.4%) $223.3m (-11.2%) $431.2m (-25.9%) 6.6% (-8.1%) $3.83 (-6.8%)
2025 $3.4b (0.9%) $177.2m (-20.6%) $216.7m (-49.7%) 5.2% (-21.3%) $3.24 (-15.4%)

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