Discounted Cash Flow

Federal Signal Corp. /De/

FSS · 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 $707.9m $43.8m $18.6m 6.2% $0.72
2017 $898.5m (26.9%) $61.6m (40.6%) $64.8m (248.4%) 6.9% (10.8%) $1.03 (43.1%)
2018 $1.1b (21.3%) $94.0m (52.6%) $78.7m (21.5%) 8.6% (25.8%) $1.57 (52.4%)
2019 $1.2b (12.1%) $108.5m (15.4%) $67.7m (-14.0%) 8.9% (3.0%) $1.80 (14.6%)
2020 $1.1b (-7.4%) $96.2m (-11.3%) $106.5m (57.3%) 8.5% (-4.2%) $1.59 (-11.7%)
2021 $1.2b (7.3%) $100.6m (4.6%) $64.4m (-39.5%) 8.3% (-2.5%) $1.65 (3.8%)
2022 $1.4b (18.3%) $120.4m (19.7%) $18.8m (-70.8%) 8.4% (1.2%) $1.99 (20.6%)
2023 $1.7b (20.1%) $157.4m (30.7%) $164.1m (772.9%) 9.1% (8.9%) $2.59 (30.2%)
2024 $1.9b (8.1%) $216.3m (37.4%) $190.7m (16.2%) 11.6% (27.2%) $3.55 (37.1%)
2025 $2.2b (17.1%) $246.6m (14.0%) $227.1m (19.1%) 11.3% (-2.7%) $4.06 (14.4%)

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