Discounted Cash Flow

Figs, Inc.

FIGS · 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)
2019 $110.5m $-347.0k $1.8m -0.3% $0.00
2020 $263.1m (138.1%) $57.9m (16797.4%) $19.5m (1000.9%) 22.0% (7112.1%) $0.32
2021 $419.6m (59.5%) $11.0m (-81.0%) $63.7m (227.0%) 2.6% (-88.1%) $-0.06 (-118.8%)
2022 $505.8m (20.6%) $37.7m (242.9%) $-40.7m (-163.8%) 7.4% (184.5%) $0.13 (316.7%)
2023 $545.6m (7.9%) $34.0m (-9.6%) $84.6m (307.9%) 6.2% (-16.2%) $0.13 (0.0%)
2024 $555.6m (1.8%) $2.3m (-93.3%) $64.1m (-24.2%) 0.4% (-93.5%) $0.02 (-84.6%)
2025 $631.1m (13.6%) $38.1m (1584.2%) $53.0m (-17.4%) 6.0% (1382.6%) $0.21 (950.0%)

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