Discounted Cash Flow

Crowdstrike Holdings, Inc.

CRWD · 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)
2018 $118.8m $-135.5m $-81.7m -114.1%
2019 $249.8m (110.4%) $-140.1m (-3.4%) $-58.8m (28.0%) -56.1% (50.9%)
2020 $481.4m (92.7%) $0 (100.0%) $19.7m (133.6%) 0.0% (100.0%) $-0.96
2021 $874.4m (81.6%) $0 $303.8m (1438.5%) 0.0% $-0.43 (55.2%)
2022 $1.5b (66.0%) $2.4m $462.6m (52.3%) 0.2% $-1.03 (-139.5%)
2023 $2.2b (54.4%) $960.0k (-60.4%) $706.0m (52.6%) 0.0% (-74.3%) $-0.79 (23.3%)
2024 $3.1b (36.3%) $1.3m (31.0%) $989.7m (40.2%) 0.0% (-3.9%) $0.37 (146.8%)
2025 $4.0b (29.4%) $2.7m (112.6%) $1.1b (13.9%) 0.1% (64.3%) $-0.08 (-121.6%)
2026 $4.8b (21.7%) $1.3m (-50.0%) $1.3b (16.3%) 0.0% (-58.9%) $-0.64 (-704.0%)

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