Discounted Cash Flow

Copa Holdings, S.A. Foreign

CPA · 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 $2.2b $364.2m $33.4m 16.4%
2017 $2.5b (13.8%) $419.0m (15.0%) $727.3m (2080.0%) 16.6% (1.1%)
2018 $2.7b (5.9%) $122.6m (-70.7%) $436.8m (-40.0%) 4.6% (-72.4%)
2019 $2.7b (1.1%) $293.4m (139.3%) $784.9m (79.7%) 10.8% (136.7%) $5.81
2020 $801.0m (-70.4%) $-630.8m (-315.0%) $5.3m (-99.3%) -78.7% (-826.6%) $-14.28 (-345.8%)
2021 $1.5b (88.5%) $54.3m (108.6%) $507.3m (9513.1%) 3.6% (104.6%) $1.03 (107.2%)
2022 $3.0b (96.4%) $388.2m (614.6%) $107.9m (-78.7%) 13.1% (263.9%) $8.58 (733.0%)
2023 $3.5b (16.6%) $611.1m (57.4%) $214.9m (99.3%) 17.7% (35.0%) $12.78 (49.0%)
2024 $3.4b (-0.3%) $705.8m (15.5%) $340.5m (58.4%) 20.5% (15.9%) $14.55 (13.8%)
2025 $3.6b (5.0%) $775.6m (9.9%) $52.4m (-84.6%) 21.4% (4.7%) $16.28 (11.9%)

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