Discounted Cash Flow

Dycom Industries Inc.

DY · 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 $2.7b $128.7m $75.5m 4.8% $3.98
2017 $3.1b (14.8%) $157.2m (22.1%) $55.2m (-26.8%) 5.1% (6.4%) $5.01 (25.9%)
2019 $3.1b (2.0%) $62.9m (-60.0%) $-40.5m (-173.3%) 2.0% (-60.8%) $2.01 (-59.9%)
2020 $3.3b (6.8%) $57.2m (-9.0%) $-62.6m (-54.4%) 1.7% (-14.8%) $1.82 (-9.5%)
2021 $3.2b (-4.2%) $34.3m (-40.0%) $323.7m (617.3%) 1.1% (-37.4%) $1.08 (-40.7%)
2022 $3.1b (-2.1%) $48.6m (41.5%) $151.6m (-53.2%) 1.6% (44.6%) $1.60 (48.1%)
2023 $3.8b (21.7%) $142.2m (192.8%) $-36.2m (-123.9%) 3.7% (140.7%) $4.81 (200.6%)
2024 $4.2b (9.6%) $218.9m (53.9%) $40.5m (211.9%) 5.2% (40.4%) $7.46 (55.1%)
2025 $4.7b (12.6%) $233.4m (6.6%) $98.6m (143.6%) 5.0% (-5.3%) $8.02 (7.5%)
2026 $5.5b (17.9%) $281.2m (20.5%) $401.7m (307.3%) 5.1% (2.1%) $9.68 (20.7%)

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