Discounted Cash Flow

Catalyst Pharmaceuticals, Inc.

CPRX · 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 $0 $-18.1m $-18.1m $-0.22
2017 $0 $-18.4m (-1.9%) $-13.7m (23.9%) $-0.21 (4.5%)
2018 $500.0k $-34.0m (-84.7%) $-25.8m (-87.7%) -6800.7% $-0.33 (-57.1%)
2019 $102.3m (20361.3%) $31.9m (193.7%) $34.6m (234.1%) 31.2% (100.5%) $0.31 (193.9%)
2020 $118.7m (16.1%) $75.0m (135.2%) $45.0m (30.2%) 63.1% (102.7%) $0.72 (132.3%)
2021 $140.8m (18.6%) $39.5m (-47.3%) $59.4m (31.8%) 28.0% (-55.6%) $0.38 (-47.2%)
2022 $214.2m (52.1%) $83.1m (110.4%) $116.0m (95.5%) 38.8% (38.3%) $0.80 (110.5%)
2023 $398.2m (85.9%) $71.4m (-14.0%) $143.4m (23.6%) 17.9% (-53.8%) $0.67 (-16.2%)
2024 $491.7m (23.5%) $163.9m (129.5%) $239.3m (66.9%) 33.3% (85.9%) $1.38 (106.0%)
2025 $589.0m (19.8%) $214.3m (30.8%) $208.6m (-12.8%) 36.4% (9.2%) $1.75 (26.8%)

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