Discounted Cash Flow

Cheniere Energy Partners, L.P. LP

CQP · 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 $1.1b $-171.2m $-171.2m -15.6%
2017 $4.3b (291.2%) $490.0m (386.2%) $-313.0m (-82.8%) 11.4% (173.2%)
2018 $6.3b (46.1%) $1.3b (160.0%) $1.1b (441.9%) 20.3% (78.0%)
2019 $6.8b (8.8%) $1.2b (-7.8%) $216.0m (-79.8%) 17.2% (-15.2%)
2020 $6.2b (-9.8%) $1.2b (0.7%) $779.0m (260.6%) 19.2% (11.6%)
2021 $9.4b (53.0%) $1.6b (37.8%) $1.6b (110.9%) 17.3% (-9.9%)
2022 $17.2b (82.4%) $2.5b (53.3%) $3.7b (125.1%) 14.5% (-16.0%)
2023 $9.7b (-43.8%) $4.3b (70.3%) $2.9b (-21.9%) 44.0% (203.2%)
2024 $8.7b (-9.9%) $2.5b (-41.0%) $2.8b (-2.6%) 28.8% (-34.5%)
2025 $10.8b (23.6%) $3.0b (19.0%) $2.6b (-8.7%) 27.8% (-3.7%)

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