Discounted Cash Flow

Amdocs Ltd. Foreign

DOX · 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)
2015 $3.6b $446.2m 12.2% $2.89
2016 $3.7b (2.0%) $409.3m (-8.3%) $490.1m 11.0% (-10.1%) $2.74 (-5.2%)
2017 $3.9b (4.0%) $436.8m (6.7%) $502.7m (2.6%) 11.3% (2.6%) $2.99 (9.1%)
2018 $4.0b (2.8%) $354.4m (-18.9%) $326.1m (-35.1%) 8.9% (-21.1%) $2.49 (-16.7%)
2019 $4.1b (2.8%) $479.4m (35.3%) $528.3m (62.0%) 11.7% (31.6%) $3.49 (40.2%)
2020 $4.2b (2.0%) $497.8m (3.8%) $452.6m (-14.3%) 11.9% (1.8%) $3.73 (6.9%)
2021 $4.3b (2.9%) $688.4m (38.3%) $715.4m (58.0%) 16.1% (34.4%) $5.36 (43.7%)
2022 $4.6b (6.7%) $549.5m (-20.2%) $529.5m (-26.0%) 12.0% (-25.2%) $4.47 (-16.6%)
2023 $4.9b (6.8%) $540.7m (-1.6%) $698.3m (31.9%) 11.1% (-7.9%) $4.52 (1.1%)
2024 $5.0b (2.4%) $493.2m (-8.8%) $618.9m (-11.4%) 9.9% (-10.9%) $4.27 (-5.5%)

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