Discounted Cash Flow

Embraer S.A. ADR

EMBJ · 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 $6.2b $166.1m $-37.6m 2.7% $0.23
2017 $5.8b (-6.1%) $246.8m (48.6%) $742.3m (2074.2%) 4.2% (58.2%) $0.34 (48.8%)
2018 $5.1b (-13.2%) $-178.2m (-172.2%) $1.1b (49.2%) -3.5% (-183.1%) $-0.24 (-171.4%)
2019 $2.6b (-48.4%) $-322.3m (-80.9%) $893.8m (-19.3%) -12.3% (-250.3%) $-0.44 (-83.3%)
2020 $3.8b (44.0%) $-731.9m (-127.1%) $-1.3b (-244.3%) -19.4% (-57.7%) $-0.99 (-125.0%)
2021 $4.2b (11.3%) $-44.7m (93.9%) $-44.7m (96.5%) -1.1% (94.5%) $-0.06 (93.9%)
2022 $4.5b (8.2%) $-185.4m (-314.8%) $495.3m (1208.1%) -4.1% (-283.4%) $-0.25 (-316.7%)
2023 $5.3b (16.0%) $164.0m (188.5%) $186.2m (-62.4%) 3.1% (176.2%) $0.22 (188.0%)
2024 $6.4b (21.4%) $352.5m (114.9%) $405.0m (117.5%) 5.5% (77.1%) $0.48 (118.2%)
2025 $7.6b (18.5%) $351.9m (-0.2%) $386.1m (-4.7%) 4.6% (-15.8%) $0.48 (0.0%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Values abbreviated: b = billions, m = millions, k = thousands.

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