Discounted Cash Flow

Equitable Holdings, Inc.

EQH · Based on 10 years of SEC filings

DCF estimate unavailable — loss_in_2025

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)
2017 $12.5b $834.0m $-243.0m 6.7% $2.24
2018 $12.1b (-3.1%) $1.8b (118.2%) $61.0m (125.1%) 15.1% (125.1%) $3.87 (72.8%)
2019 $9.6b (-20.6%) $-1.7b (-195.2%) $-216.0m (-454.1%) -18.1% (-219.9%) $-2.91 (-175.1%)
2020 $12.4b (29.4%) $-648.0m (62.6%) $-61.0m (71.8%) -5.2% (71.1%) $-0.77 (73.4%)
2021 $11.0b (-11.1%) $-439.0m (32.3%) $-756.0m (-1139.3%) -4.0% (23.8%) $-0.06 (92.6%)
2022 $14.0b (27.0%) $1.8b (506.6%) $-1.0b (-34.7%) 12.7% (420.1%) $5.37 (9431.4%)
2023 $10.5b (-24.9%) $1.3b (-27.1%) $-325.0m (68.1%) 12.4% (-2.9%) $4.69 (-12.5%)
2024 $12.4b (18.1%) $1.3b (0.4%) $1.9b (670.2%) 10.5% (-15.0%) $5.68 (20.9%)
2025 $11.7b (-6.2%) $-1.4b (-205.6%) $680.0m (-63.3%) -11.8% (-212.6%) $-3.48 (-161.3%)

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

loss_in_2025

Once the company meets all DCF eligibility criteria (sufficient history, profitability, growth trends), an estimate will become available automatically. No action is needed.