Discounted Cash Flow

Dynatrace, Inc.

DT · 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)
2018 $398.0m $9.2m $9.2m 2.3% $0.04
2019 $431.0m (8.3%) $-116.2m (-1360.0%) $139.8m (1415.5%) -27.0% (-1263.7%) $-0.49 (-1325.0%)
2020 $545.8m (26.6%) $-418.0m (-259.8%) $-162.2m (-216.0%) -76.6% (-184.1%) $-1.56 (-218.4%)
2021 $703.5m (28.9%) $75.7m (118.1%) $206.4m (227.2%) 10.8% (114.1%) $0.27 (117.3%)
2022 $929.4m (32.1%) $52.5m (-30.7%) $233.2m (13.0%) 5.6% (-47.6%) $0.18 (-33.3%)
2023 $1.2b (24.6%) $108.0m (105.8%) $333.3m (42.9%) 9.3% (65.1%) $0.38 (111.1%)
2024 $1.4b (23.5%) $154.6m (43.2%) $351.6m (5.5%) 10.8% (16.0%) $0.53 (39.5%)
2025 $1.7b (18.7%) $483.7m (212.8%) $433.3m (23.2%) 28.5% (163.4%) $1.62 (205.7%)
2026 $2.0b (18.8%) $162.7m (-66.4%) $529.7m (22.2%) 8.1% (-71.7%) $0.54 (-66.7%)

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