Discounted Cash Flow

Establishment Labs Holdings Inc.

ESTA · Based on 10 years of SEC filings

DCF estimate unavailable — No positive free cash flow in recent history — company has not generated positive FCF

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income
Dividends

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)
2018 $61.2m $-21.1m $-35.6m -34.5% $-1.22
2019 $89.6m (46.3%) $-38.1m (-80.8%) $-36.3m (-1.8%) -42.6% (-23.6%) $-1.86 (-52.5%)
2020 $84.7m (-5.5%) $-38.1m (0.1%) $-14.9m (58.8%) -45.0% (-5.7%) $-1.63 (12.4%)
2021 $126.7m (49.6%) $-41.1m (-7.9%) $-30.0m (-100.6%) -32.5% (27.9%) $-1.72 (-5.5%)
2022 $161.7m (27.6%) $-75.2m (-82.8%) $-55.0m (-83.7%) -46.5% (-43.2%) $-3.08 (-79.1%)
2023 $165.2m (2.1%) $-78.5m (-4.4%) $-96.4m (-75.3%) -47.5% (-2.2%) $-3.07 (0.3%)
2024 $166.0m (0.5%) $-84.6m (-7.8%) $-64.6m (33.0%) -51.0% (-7.2%) $-3.00 (2.3%)
2025 $211.1m (27.1%) $-51.1m (39.6%) $-56.9m (11.9%) -24.2% (52.5%) $-1.72 (42.7%)

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

No positive free cash flow in recent history — company has not generated positive FCF

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