Discounted Cash Flow

Fiverr International Ltd. Foreign

FVRR · 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)
2017 $52.1m $-19.3m $-7.5m -37.1% $-3.04
2018 $75.5m (44.9%) $-36.1m (-86.6%) $-52.4m (-602.9%) -47.8% (-28.8%) $-5.42 (-78.3%)
2019 $107.1m (41.8%) $-34.2m (5.2%) $-15.0m (71.5%) -31.9% (33.2%) $-1.67 (69.2%)
2020 $189.5m (77.0%) $-14.8m (56.7%) $15.0m (200.5%) -7.8% (75.5%) $-0.46 (72.5%)
2021 $297.7m (57.1%) $-65.0m (-339.0%) $36.4m (141.7%) -21.8% (-179.5%) $-1.81 (-293.5%)
2022 $337.4m (13.3%) $-71.5m (-10.0%) $28.9m (-20.5%) -21.2% (3.0%) $-1.94 (-7.2%)
2023 $361.4m (7.1%) $3.7m (105.1%) $3.7m (-87.3%) 1.0% (104.8%) $0.10 (105.2%)
2024 $391.5m (8.3%) $18.2m (395.7%) $81.8m (2121.3%) 4.7% (357.6%) $0.49 (390.0%)
2025 $430.9m (10.1%) $21.0m (15.0%) $103.9m (27.1%) 4.9% (4.5%) $0.58 (18.4%)

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