Discounted Cash Flow

EQT Corp.

EQT · 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 $1.6b $-453.0m $-475.2m -28.2% $-1.48
2017 $3.4b (110.0%) $1.5b (433.0%) $-301.5m (36.5%) 44.7% (258.6%) $4.38 (397.0%)
2018 $4.7b (39.4%) $-2.2b (-248.8%) $11.3m (103.8%) -47.7% (-206.7%) $-8.60 (-296.3%)
2019 $3.8b (-19.5%) $-1.2b (45.6%) $249.2m (2099.5%) -32.2% (32.4%) $-4.79 (44.3%)
2020 $2.7b (-30.1%) $-967.2m (20.8%) $495.5m (98.8%) -36.5% (-13.3%) $-3.71 (22.5%)
2021 $6.8b (156.7%) $-1.2b (-19.5%) $607.3m (22.6%) -17.0% (53.5%) $-3.58 (3.5%)
2022 $12.1b (78.0%) $1.8b (253.2%) $2.1b (240.0%) 14.6% (186.1%) $4.79 (233.8%)
2023 $5.0b (-58.4%) $1.7b (-2.0%) $1.2b (-43.8%) 34.4% (135.3%) $4.56 (-4.8%)
2024 $5.3b (4.5%) $230.6m (-86.7%) $573.3m (-50.6%) 4.4% (-87.3%) $0.45 (-90.1%)
2025 $8.6b (63.9%) $2.0b (784.4%) $2.8b (395.0%) 23.6% (439.5%) $3.33 (640.0%)

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