Discounted Cash Flow

Cytokinetics Inc.

CYTK · Based on 10 years of SEC filings

DCF estimate unavailable — No positive free cash flow in recent history — company has not generated positive FCF

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income
Dividends

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 $106.4m $16.5m $35.4m 15.5% $0.41
2017 $13.4m (-87.4%) $-127.8m (-876.7%) $-104.6m (-395.7%) -955.9% (-6282.4%) $-2.59 (-731.7%)
2018 $31.5m (135.6%) $-106.3m (16.8%) $-102.1m (2.4%) -337.4% (64.7%)
2019 $26.9m (-14.7%) $-121.7m (-14.5%) $-93.5m (8.4%) -452.9% (-34.2%)
2020 $55.8m (107.8%) $-127.3m (-4.6%) $-2.1m (97.7%) -228.0% (49.7%)
2021 $70.4m (26.2%) $-215.3m (-69.2%) $-191.4m (-8975.1%) -305.7% (-34.1%)
2022 $94.6m (34.3%) $-389.0m (-80.6%) $-310.9m (-62.4%) -411.2% (-34.5%) $-4.33
2023 $7.5m (-92.0%) $-526.2m (-35.3%) $-415.7m (-33.7%) -6988.6% (-1599.5%) $-5.45 (-25.9%)
2024 $18.5m (145.3%) $-589.5m (-12.0%) $-399.8m (3.8%) -3191.1% (54.3%) $-5.26 (3.5%)
2025 $88.0m (376.6%) $-785.0m (-33.2%) $-534.8m (-33.8%) -891.6% (72.1%) $-6.54 (-24.3%)

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

No positive free cash flow in recent history — company has not generated positive FCF

Once the company meets all DCF eligibility criteria (sufficient history, profitability, growth trends), an estimate will become available automatically. No action is needed.