Discounted Cash Flow

Leonardo DRS Inc.

DRS · 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)
2019 $2.7b $75.0m $102.0m 2.8% $0.52
2020 $2.8b (2.4%) $85.0m (13.3%) $69.0m (-32.4%) 3.1% (10.7%) $0.59 (13.5%)
2021 $2.9b (3.6%) $154.0m (81.2%) $118.0m (71.0%) 5.3% (74.8%) $1.06 (79.7%)
2022 $2.7b (-6.5%) $405.0m (163.0%) $-32.0m (-127.1%) 15.0% (181.2%) $1.88 (77.4%)
2023 $2.8b (4.9%) $168.0m (-58.5%) $145.0m (553.1%) 5.9% (-60.5%) $0.64 (-66.0%)
2024 $3.2b (14.4%) $213.0m (26.8%) $186.0m (28.3%) 6.6% (10.8%) $0.81 (26.6%)
2025 $3.6b (12.8%) $278.0m (30.5%) $227.0m (22.0%) 7.6% (15.7%) $1.05 (29.6%)

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