Discounted Cash Flow

Chesapeake Utilities Corp.

CPK · 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 $498.9m $44.7m $-66.5m 9.0% $2.87
2017 $617.6m (23.8%) $58.1m (30.1%) $-65.2m (1.9%) 9.4% (5.1%) $3.56 (24.0%)
2018 $717.5m (16.2%) $56.6m (-2.7%) $-123.0m (-88.5%) 7.9% (-16.2%) $3.46 (-2.8%)
2019 $479.6m (-33.2%) $65.2m (15.2%) $-81.8m (33.5%) 13.6% (72.3%) $3.97 (14.7%)
2020 $488.2m (1.8%) $71.5m (9.7%) $-6.6m (91.9%) 14.6% (7.8%) $4.28 (7.8%)
2021 $570.0m (16.7%) $83.5m (16.7%) $-36.4m (-452.2%) 14.6% (-0.0%) $4.75 (11.0%)
2022 $680.7m (19.4%) $89.8m (7.6%) $30.6m (184.0%) 13.2% (-9.9%) $5.07 (6.7%)
2023 $670.6m (-1.5%) $87.2m (-2.9%) $14.9m (-51.4%) 13.0% (-1.4%) $4.75 (-6.3%)
2024 $787.2m (17.4%) $118.6m (36.0%) $-115.9m (-879.7%) 15.1% (15.8%) $5.28 (11.2%)
2025 $930.0m (18.1%) $140.3m (18.3%) $-214.9m (-85.4%) 15.1% (0.1%) $6.00 (13.6%)

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