Discounted Cash Flow

E.l.f. Beauty, Inc.

ELF · 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 $229.6m $5.3m $-7.1m 2.3% $-39.47
2017 $269.9m (17.6%) $33.5m (530.1%) $4.8m (168.1%) 12.4% (435.9%) $0.74 (101.9%)
2018 $267.4m (-0.9%) $15.5m (-53.6%) $46.7m (866.3%) 5.8% (-53.2%) $0.33 (-55.4%)
2020 $282.9m (5.8%) $17.9m (15.2%) $34.9m (-25.3%) 6.3% (8.9%) $0.37 (12.1%)
2021 $318.1m (12.5%) $6.2m (-65.2%) $23.0m (-34.1%) 2.0% (-69.0%) $0.13 (-64.9%)
2022 $392.2m (23.3%) $21.8m (249.3%) $14.7m (-36.1%) 5.6% (183.4%) $0.43 (230.8%)
2023 $578.8m (47.6%) $61.5m (182.6%) $100.2m (581.6%) 10.6% (91.5%) $1.17 (172.1%)
2024 $1.0b (76.9%) $127.7m (107.5%) $62.5m (-37.6%) 12.5% (17.3%) $2.33 (99.1%)
2025 $1.3b (28.3%) $112.1m (-12.2%) $115.3m (84.5%) 8.5% (-31.6%) $1.99 (-14.6%)
2026 $1.6b (24.6%) $26.3m (-76.5%) $190.1m (64.8%) 1.6% (-81.2%) $0.45 (-77.4%)

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