Discounted Cash Flow

National Beverage Corp.

FIZZ · 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 $704.8m $61.2m $66.8m 8.7% $1.31
2017 $826.9m (17.3%) $107.0m (74.9%) $99.8m (49.3%) 12.9% (49.1%) $2.30 (75.6%)
2018 $975.7m (18.0%) $149.8m (39.9%) $122.7m (23.0%) 15.3% (18.6%) $3.21 (39.6%)
2019 $1.0b (3.9%) $140.9m (-6.0%) $101.1m (-17.6%) 13.9% (-9.5%) $3.02 (-5.9%)
2020 $1.0b (-1.4%) $130.0m (-7.7%) $153.8m (52.1%) 13.0% (-6.5%) $2.79 (-7.6%)
2021 $1.1b (7.2%) $174.1m (34.0%) $168.5m (9.5%) 16.2% (25.0%) $1.87 (-33.0%)
2022 $1.1b (6.1%) $158.5m (-9.0%) $104.1m (-38.2%) 13.9% (-14.2%) $1.70 (-9.1%)
2023 $1.2b (3.1%) $142.2m (-10.3%) $139.7m (34.2%) 12.1% (-13.0%) $1.52 (-10.6%)
2024 $1.2b (1.6%) $176.7m (24.3%) $167.6m (20.0%) 14.8% (22.4%) $1.89 (24.3%)
2025 $1.2b (0.8%) $186.8m (5.7%) $170.4m (1.7%) 15.6% (4.9%) $2.00 (5.8%)

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