Discounted Cash Flow

Dominion Energy, Inc.

D · 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 $11.7b $2.1b $-2.0b 18.1% $3.44
2017 $12.6b (7.2%) $3.0b (41.3%) $-955.0m (51.2%) 23.8% (31.7%) $4.72 (37.2%)
2018 $13.4b (6.2%) $2.4b (-18.4%) $519.0m (154.3%) 18.3% (-23.2%) $3.74 (-20.8%)
2019 $16.6b (24.0%) $1.4b (-44.5%) $224.0m (-56.8%) 8.2% (-55.2%) $1.66 (-55.6%)
2020 $13.8b (-17.0%) $-401.0m (-129.5%) $-401.0m (-279.0%) -2.9% (-135.6%) $-0.56 (-133.7%)
2021 $14.2b (3.0%) $3.3b (920.0%) $4.0b (1106.7%) 23.2% (895.8%) $3.98 (810.7%)
2022 $17.7b (25.1%) $994.0m (-69.8%) $-3.9b (-196.4%) 5.6% (-75.8%) $1.09 (-72.6%)
2023 $13.5b (-23.9%) $2.0b (100.6%) $-3.6b (6.5%) 14.8% (163.6%) $2.29 (110.1%)
2024 $14.2b (5.2%) $2.1b (6.5%) $-7.2b (-97.3%) 15.0% (1.3%) $2.44 (6.6%)
2025 $16.5b (16.5%) $3.0b (41.1%) $-7.3b (-1.4%) 18.1% (21.2%) $3.46 (41.8%)

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