Discounted Cash Flow

Four Corners Property Trust, Inc. REIT

FCPT · 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 $124.0m $156.8m $-12.3m 126.4% $2.75
2017 $133.2m (7.4%) $71.4m (-54.5%) $-16.2m (-31.2%) 53.6% (-57.6%) $1.18 (-57.1%)
2018 $143.6m (7.8%) $82.4m (15.4%) $-187.4m (-1059.1%) 57.4% (7.0%) $1.29 (9.3%)
2019 $160.2m (11.6%) $72.6m (-11.9%) $-100.5m (46.4%) 45.3% (-21.0%) $1.06 (-17.8%)
2020 $170.9m (6.7%) $77.3m (6.5%) $-139.1m (-38.4%) 45.2% (-0.2%) $1.08 (1.9%)
2021 $199.4m (16.6%) $85.6m (10.7%) $-146.0m (-5.0%) 42.9% (-5.1%) $1.12 (3.7%)
2022 $29.6m (-85.2%) $97.8m (14.2%) $-154.3m (-5.7%) 330.5% (670.0%) $1.20 (7.1%)
2023 $30.7m (3.9%) $95.3m (-2.5%) $165.1m (207.0%) 310.3% (-6.1%) $1.08 (-10.0%)
2024 $30.9m (0.7%) $100.5m (5.4%) $144.1m (-12.7%) 324.7% (4.7%) $1.07 (-0.9%)
2025 $31.5m (1.8%) $112.4m (11.8%) $192.3m (33.4%) 356.9% (9.9%) $1.09 (1.9%)

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