Discounted Cash Flow

Diamondrock Hospitality Co. REIT

DRH · 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 $896.6m $114.8m $215.6m 12.8% $0.57
2017 $870.0m (-3.0%) $91.9m (-20.0%) $204.5m (-5.1%) 10.6% (-17.5%) $0.46 (-19.3%)
2018 $863.7m (-0.7%) $87.8m (-4.5%) $219.3m (7.2%) 10.2% (-3.8%) $0.43 (-6.5%)
2019 $938.1m (8.6%) $183.5m (109.0%) $193.3m (-11.9%) 19.6% (92.4%) $0.91 (111.6%)
2020 $299.5m (-68.1%) $-394.4m (-314.9%) $-83.7m (-143.3%) -131.7% (-773.2%) $-1.97 (-316.5%)
2021 $567.1m (89.4%) $-194.6m (50.7%) $-2.3m (97.2%) -34.3% (73.9%) $-0.96 (51.3%)
2022 $1.0b (76.6%) $109.3m (156.2%) $-43.4m (-1779.5%) 10.9% (131.8%) $0.47 (149.0%)
2023 $1.1b (7.3%) $86.3m (-21.0%) $118.6m (373.4%) 8.0% (-26.4%) $0.36 (-23.4%)
2024 $1.1b (5.1%) $48.0m (-44.4%) $112.3m (-5.3%) 4.3% (-47.1%) $0.18 (-50.0%)
2025 $1.1b (-0.8%) $101.4m (111.1%) $162.1m (44.3%) 9.1% (112.9%) $0.44 (144.4%)

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