Discounted Cash Flow

Firstcash Holdings, Inc.

FCFS · 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 $1.1b $60.1m $96.9m 5.5% $1.72
2017 $1.8b (63.5%) $143.9m (139.3%) $220.4m (127.5%) 8.1% (46.3%) $3.01 (75.0%)
2018 $1.1b (-38.7%) $153.2m (6.5%) $243.4m (10.5%) 14.0% (73.6%) $3.42 (13.6%)
2019 $1.2b (7.7%) $164.6m (7.4%) $231.6m (-4.9%) 14.0% (-0.2%) $3.83 (12.0%)
2020 $1.1b (-8.5%) $106.6m (-35.3%) $222.3m (-4.0%) 9.9% (-29.2%) $2.57 (-32.9%)
2021 $1.1b (5.5%) $124.9m (17.2%) $223.3m (0.5%) 11.0% (11.1%) $3.05 (18.7%)
2022 $1.3b (11.2%) $253.5m (102.9%) $433.7m (94.2%) 20.1% (82.5%) $5.37 (76.1%)
2023 $1.4b (9.5%) $219.3m (-13.5%) $356.0m (-17.9%) 15.9% (-21.0%) $4.82 (-10.2%)
2024 $1.5b (9.1%) $258.8m (18.0%) $471.7m (32.5%) 17.2% (8.2%) $5.76 (19.5%)
2025 $1.7b (10.7%) $330.4m (27.6%) $531.0m (12.6%) 19.8% (15.3%) $7.46 (29.5%)

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