Discounted Cash Flow

Emcor Group, Inc.

EME · 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 $7.6b $181.9m $264.6m 2.4% $3.00
2017 $7.7b (1.8%) $227.2m (24.9%) $366.1m (38.4%) 3.0% (22.7%) $3.84 (28.0%)
2018 $8.1b (5.8%) $283.5m (24.8%) $271.0m (-26.0%) 3.5% (18.0%) $4.88 (27.1%)
2019 $9.2b (12.8%) $325.1m (14.7%) $355.7m (31.2%) 3.5% (1.6%) $5.78 (18.4%)
2020 $8.8b (-4.1%) $132.9m (-59.1%) $806.4m (126.7%) 1.5% (-57.4%) $2.41 (-58.3%)
2021 $9.9b (12.6%) $383.5m (188.5%) $318.8m (-60.5%) 3.9% (156.3%) $7.09 (194.2%)
2022 $11.1b (11.8%) $406.1m (5.9%) $448.6m (40.7%) 3.7% (-5.3%) $8.13 (14.7%)
2023 $12.6b (13.6%) $633.0m (55.9%) $821.3m (83.1%) 5.0% (37.2%) $13.37 (64.5%)
2024 $14.6b (15.8%) $1.0b (59.1%) $1.3b (62.3%) 6.9% (37.4%) $21.61 (61.6%)
2025 $17.0b (16.6%) $1.3b (26.4%) $1.2b (-10.8%) 7.5% (8.4%) $28.30 (31.0%)

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