Discounted Cash Flow
First Solar, Inc.
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—
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 | $3.0b | $-358.0m | $-22.7m | -12.1% | $-3.48 |
| 2017 | $2.9b (-0.3%) | $-165.6m (53.7%) | $826.3m (3740.3%) | -5.6% (53.6%) | $-1.59 (54.3%) |
| 2018 | $2.2b (-23.7%) | $144.3m (187.1%) | $-1.1b (-229.1%) | 6.4% (214.2%) | $1.38 (186.8%) |
| 2019 | $3.1b (36.5%) | $-114.9m (-179.6%) | $-494.5m (53.6%) | -3.8% (-158.3%) | $-1.09 (-179.0%) |
| 2020 | $2.7b (-11.5%) | $398.4m (446.6%) | $-379.5m (23.3%) | 14.7% (491.6%) | $3.76 (445.0%) |
| 2021 | $2.9b (7.8%) | $468.7m (17.7%) | $-302.7m (20.2%) | 16.0% (9.1%) | $4.41 (17.3%) |
| 2022 | $2.6b (-10.4%) | $-44.2m (-109.4%) | $-30.2m (90.0%) | -1.7% (-110.5%) | $-0.41 (-109.3%) |
| 2023 | $3.3b (26.7%) | $830.8m (1981.0%) | $-784.5m (-2494.6%) | 25.0% (1584.7%) | $7.78 (1997.6%) |
| 2024 | $4.2b (26.7%) | $1.3b (55.5%) | $-308.1m (60.7%) | 30.7% (22.7%) | $12.07 (55.1%) |
| 2025 | $5.2b (24.1%) | $1.5b (18.3%) | $1.2b (485.4%) | 29.3% (-4.7%) | $14.25 (18.1%) |
Base FCF: — (latest fiscal year)
Discount rate: % —
Terminal growth: —
Projection period: — years
Alt A decline yrs:
Alt B total yrs:
Values abbreviated: b = billions, m = millions, k = thousands.
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.