Discounted Cash Flow

Fuller H B Co.

FUL · 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 $2.1b $124.1m $132.4m 5.9% $2.48
2017 $2.3b (10.1%) $58.2m (-53.1%) $85.9m (-35.1%) 2.5% (-57.4%) $1.16 (-53.2%)
2018 $3.0b (31.9%) $171.2m (194.0%) $185.0m (115.5%) 5.6% (122.9%) $3.38 (191.4%)
2019 $2.9b (-4.7%) $130.8m (-23.6%) $207.2m (12.0%) 4.5% (-19.8%) $2.57 (-24.0%)
2020 $2.8b (-3.7%) $123.7m (-5.4%) $244.3m (17.9%) 4.4% (-1.8%) $2.38 (-7.4%)
2021 $3.3b (17.5%) $161.4m (30.5%) $117.2m (-52.0%) 4.9% (11.0%) $3.05 (28.2%)
2022 $3.7b (14.4%) $180.3m (11.7%) $126.5m (8.0%) 4.8% (-2.3%) $3.37 (10.5%)
2023 $3.5b (-6.4%) $144.9m (-19.6%) $259.3m (104.9%) 4.1% (-14.2%) $2.67 (-20.8%)
2024 $3.6b (1.6%) $130.3m (-10.1%) $163.2m (-37.1%) 3.6% (-11.6%) $2.37 (-11.2%)
2025 $3.5b (-2.7%) $152.0m (16.7%) $121.2m (-25.7%) 4.4% (19.9%) $2.78 (17.3%)

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):

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