Discounted Cash Flow

Carlisle Companies Inc.

CSL · 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 $3.7b $250.1m $422.4m 6.8% $3.86
2017 $4.1b (11.3%) $365.5m (46.1%) $298.8m (-29.3%) 8.9% (31.3%) $5.75 (49.0%)
2018 $4.5b (9.5%) $611.1m (67.2%) $218.5m (-26.9%) 13.6% (52.7%) $10.09 (75.5%)
2019 $4.8b (7.4%) $472.8m (-22.6%) $614.2m (181.1%) 9.8% (-28.0%) $8.28 (-17.9%)
2020 $4.2b (-11.8%) $320.1m (-32.3%) $601.2m (-2.1%) 7.5% (-23.3%) $5.85 (-29.3%)
2021 $4.8b (13.3%) $421.7m (31.7%) $286.9m (-52.3%) 8.8% (16.3%) $8.01 (36.9%)
2022 $6.6b (37.0%) $924.0m (119.1%) $817.4m (184.9%) 14.0% (59.9%) $17.80 (122.2%)
2023 $4.6b (-30.4%) $767.4m (-16.9%) $1.1b (29.6%) 16.7% (19.4%) $15.35 (-13.8%)
2024 $5.0b (9.1%) $1.3b (70.9%) $917.0m (-13.4%) 26.2% (56.7%) $28.17 (83.5%)
2025 $5.0b (0.3%) $740.7m (-43.5%) $970.6m (5.8%) 14.8% (-43.7%) $17.27 (-38.7%)

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