Discounted Cash Flow

Copart Inc.

CPRT · 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 $1.3b $270.4m $158.6m 21.3% $2.36
2017 $1.4b (14.2%) $394.2m (45.8%) $319.9m (101.7%) 27.2% (27.7%) $1.72 (-27.1%)
2018 $1.8b (24.7%) $417.9m (6.0%) $247.2m (-22.7%) 23.1% (-15.0%) $1.80 (4.7%)
2019 $2.0b (13.1%) $591.7m (41.6%) $272.8m (10.4%) 29.0% (25.2%) $2.57 (42.8%)
2020 $2.2b (8.0%) $699.9m (18.3%) $325.9m (19.5%) 31.7% (9.5%) $3.00 (16.7%)
2021 $2.7b (22.1%) $936.5m (33.8%) $527.9m (62.0%) 34.8% (9.6%) $3.96 (32.0%)
2022 $3.5b (30.0%) $1.1b (16.4%) $839.2m (59.0%) 31.1% (-10.5%) $4.59 (15.9%)
2023 $3.9b (10.5%) $1.2b (13.5%) $847.6m (1.0%) 32.0% (2.7%) $1.30 (-71.7%)
2024 $4.2b (9.5%) $1.4b (10.1%) $961.6m (13.5%) 32.2% (0.6%) $1.42 (9.2%)
2025 $4.6b (9.7%) $1.6b (13.9%) $1.2b (28.0%) 33.4% (3.8%) $1.61 (13.4%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Values abbreviated: b = billions, m = millions, k = thousands.

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