Discounted Cash Flow
Forrester Research, Inc.
—
—
Average annual growth rates
| Metric | 10-Year | 5-Year | 3-Year |
|---|---|---|---|
| Sales | — | — | — |
| Free Cash Flow | — | — | — |
| Average (FCF & NI) | — | — | — |
| Net Income | — | — | — |
Endpoint CAGR (better for long term trend)
| Metric | 10-Year | 5-Year | 3-Year |
|---|---|---|---|
| Sales | — | — | — |
| Free Cash Flow | — | — | — |
| Average (FCF & NI) | — | — | — |
| Net Income | — | — | — |
Projected growth rate
—
—
%
%
Historical inputs (10 fiscal years)
| YEAR | Sales | Net Income | Free Cash Flow | Net Margin | EPS (diluted) |
|---|---|---|---|---|---|
| 2016 | $326.1m | $17.7m | $37.7m | 5.4% | $0.98 |
| 2017 | $337.7m (3.6%) | $15.1m (-14.2%) | $29.6m (-21.4%) | 4.5% (-17.2%) | $0.84 (-14.3%) |
| 2018 | $357.6m (5.9%) | $15.4m (1.6%) | $33.4m (12.6%) | 4.3% (-4.1%) | $0.85 (1.2%) |
| 2019 | $461.7m (29.1%) | $-9.6m (-162.2%) | $36.5m (9.4%) | -2.1% (-148.2%) | $-0.52 (-161.2%) |
| 2020 | $449.0m (-2.8%) | $10.0m (204.4%) | $38.8m (6.4%) | 2.2% (207.3%) | $0.53 (201.9%) |
| 2021 | $494.3m (10.1%) | $24.8m (148.7%) | $96.3m (147.9%) | 5.0% (125.9%) | $1.30 (145.3%) |
| 2022 | $537.8m (8.8%) | $21.8m (-12.2%) | $33.8m (-64.9%) | 4.1% (-19.3%) | $1.15 (-11.5%) |
| 2023 | $480.8m (-10.6%) | $3.0m (-86.0%) | $16.2m (-52.1%) | 0.6% (-84.4%) | $0.16 (-86.1%) |
| 2024 | $432.5m (-10.0%) | $-5.7m (-288.4%) | $-7.3m (-144.9%) | -1.3% (-309.5%) | $-0.30 (-287.5%) |
| 2025 | $396.9m (-8.2%) | $-119.4m (-1976.9%) | $18.1m (349.2%) | -30.1% (-2163.1%) | $-6.28 (-1993.3%) |
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): —
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.