Discounted Cash Flow

Evolent Health, Inc.

EVH · Based on 10 years of SEC filings

DCF estimate unavailable — only_0_profitable_out_of_10

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 $254.2m $-159.7m $-51.0m -62.8% $-3.55
2017 $434.9m (71.1%) $-60.7m (62.0%) $-55.8m (-9.3%) -13.9% (77.8%) $-0.94 (73.5%)
2018 $627.1m (44.2%) $-52.7m (13.2%) $-60.2m (-7.9%) -8.4% (39.8%) $-0.68 (27.7%)
2019 $846.4m (35.0%) $-302.0m (-473.5%) $-78.2m (-29.9%) -35.7% (-324.9%) $-3.67 (-439.7%)
2020 $1.0b (20.8%) $-334.2m (-10.7%) $-45.7m (41.5%) -32.7% (8.4%) $-3.94 (-7.4%)
2021 $908.0m (-11.2%) $-37.6m (88.8%) $13.8m (130.1%) -4.1% (87.3%) $-0.44 (88.8%)
2022 $1.4b (48.9%) $-19.2m (49.0%) $-49.9m (-462.6%) -1.4% (65.8%) $-0.20 (54.5%)
2023 $2.0b (45.3%) $-142.3m (-642.3%) $113.8m (328.1%) -7.2% (-411.0%) $-1.28 (-540.0%)
2024 $2.6b (30.1%) $-93.5m (34.3%) $-6.1m (-105.4%) -3.7% (49.5%) $-0.81 (36.7%)
2025 $1.9b (-26.6%) $-579.4m (-520.0%) $4.8m (177.6%) -30.9% (-744.2%) $-5.07 (-525.9%)

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

only_0_profitable_out_of_10

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