Discounted Cash Flow

Cirrus Logic, Inc.

CRUS · 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)
2017 $1.5b $261.2m $327.9m 17.0% $4.12
2018 $1.5b (-0.4%) $162.0m (-38.0%) $263.5m (-19.6%) 10.6% (-37.7%) $2.55 (-38.1%)
2019 $1.2b (-22.6%) $90.0m (-44.4%) $175.1m (-33.6%) 7.6% (-28.2%) $1.50 (-41.2%)
2020 $1.3b (8.1%) $159.5m (77.2%) $280.2m (60.0%) 12.4% (64.0%) $2.74 (82.7%)
2021 $1.4b (6.9%) $217.3m (36.3%) $330.7m (18.0%) 15.9% (27.5%) $3.74 (36.5%)
2022 $1.8b (30.1%) $326.4m (50.2%) $98.6m (-70.2%) 18.3% (15.4%) $5.70 (52.4%)
2023 $1.9b (6.5%) $176.7m (-45.9%) $304.5m (208.8%) 9.3% (-49.2%) $3.18 (-44.2%)
2024 $1.8b (-5.7%) $274.6m (55.4%) $384.0m (26.1%) 15.3% (64.8%) $5.06 (59.1%)
2025 $1.9b (6.0%) $331.5m (20.7%) $421.6m (9.8%) 17.5% (13.9%) $6.24 (23.3%)
2026 $2.0b (5.3%) $414.4m (25.0%) $636.6m (51.0%) 20.7% (18.7%) $8.10 (29.8%)

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