Discounted Cash Flow

Eldorado Gold Corp. /Fi Foreign

EGO · 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 $432.7m $-344.2m -79.5% $-0.48
2017 $391.4m (-9.5%) $-9.9m (97.1%) $25.5m -2.5% (96.8%) $-0.01 (97.9%)
2018 $459.0m (17.3%) $-361.9m (-3542.5%) $64.2m (152.0%) -78.8% (-3006.0%) $-2.28 (-22700.0%)
2019 $617.8m (34.6%) $80.6m (122.3%) $165.8m (158.3%) 13.0% (116.5%) $0.51 (122.4%)
2020 $1.0b (66.2%) $104.5m (29.7%) $422.1m (154.5%) 10.2% (-21.9%) $0.61 (19.6%)
2021 $940.9m (-8.4%) $-136.0m (-230.1%) $365.9m (-13.3%) -14.5% (-242.0%) $-0.75 (-223.0%)
2022 $872.0m (-7.3%) $-353.8m (-160.1%) $197.2m (-46.1%) -40.6% (-180.7%) $-1.93 (-157.3%)
2023 $1.0b (15.7%) $104.6m (129.6%) $378.5m (91.9%) 10.4% (125.6%) $0.54 (128.0%)
2024 $1.3b (31.1%) $289.1m (176.3%) $654.1m (72.8%) 21.9% (110.7%) $1.42 (163.0%)
2025 $1.8b (37.5%) $507.3m (75.4%) $731.2m (11.8%) 27.9% (27.6%) $2.50 (76.1%)

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