Discounted Cash Flow
Fortinet, 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 | $1.3b | $32.2m | $-127.9m | 2.5% | $0.19 |
| 2017 | $1.5b (17.2%) | $31.4m (-2.4%) | $-74.8m (41.5%) | 2.1% (-16.8%) | $0.18 (-5.3%) |
| 2018 | $1.8b (20.5%) | $332.2m (958.0%) | $-42.9m (42.6%) | 18.4% (778.1%) | $1.96 (988.9%) |
| 2019 | $2.2b (19.7%) | $326.5m (-1.7%) | $-524.3m (-1122.1%) | 15.1% (-17.9%) | $1.91 (-2.6%) |
| 2020 | $2.6b (20.3%) | $488.5m (49.6%) | $4.7m (100.9%) | 18.8% (24.3%) | $2.98 (56.0%) |
| 2021 | $3.3b (28.8%) | $606.8m (24.2%) | $1.5b (31808.5%) | 18.2% (-3.6%) | $3.72 (24.8%) |
| 2022 | $4.4b (32.2%) | $857.3m (41.3%) | $1.4b (-3.4%) | 19.4% (6.9%) | $1.08 (-71.0%) |
| 2023 | $5.3b (20.1%) | $1.1b (33.9%) | $1.7b (19.5%) | 21.6% (11.5%) | $1.47 (36.1%) |
| 2024 | $6.0b (12.3%) | $1.7b (52.0%) | $1.9b (8.5%) | 29.3% (35.4%) | $2.28 (55.1%) |
| 2025 | $6.8b (14.2%) | $1.9b (6.2%) | $2.2b (18.4%) | 27.3% (-7.0%) | $2.45 (7.5%) |
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.