Discounted Cash Flow

GCM Grosvenor Inc.

GCMG · 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)
2018 $378.5m $0 $116.2m 0.0% $0.00
2019 $416.4m (10.0%) $0 $92.2m (-20.6%) 0.0% $0.00
2020 $430.0m (3.3%) $7.5m $66.9m (-27.5%) 1.7% $-1.69
2021 $531.6m (23.6%) $21.5m (186.2%) $178.2m (166.6%) 4.0% (131.5%) $3.25 (291.9%)
2022 $446.5m (-16.0%) $19.8m (-7.7%) $19.8m (-88.9%) 4.4% (9.8%) $1.81 (-44.2%)
2023 $445.0m (-0.3%) $12.8m (-35.5%) $88.3m (345.5%) 2.9% (-35.3%) $-0.68 (-137.3%)
2024 $514.0m (15.5%) $18.7m (46.4%) $132.0m (49.5%) 3.6% (26.7%) $0.82 (221.0%)
2025 $557.6m (8.5%) $45.4m (142.7%) $175.0m (32.6%) 8.1% (123.7%) $2.73 (234.2%)

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