Discounted Cash Flow

Greenlight Capital RE Ltd.

GLRE · 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 $588.4m $44.9m $-35.8m 7.6% $1.20
2017 $645.7m (9.7%) $-45.0m (-200.2%) $94.4m (363.8%) -7.0% (-191.3%) $-1.21 (-200.8%)
2018 $183.0m (-71.7%) $-350.1m (-678.7%) $-59.3m (-162.8%) -191.3% (-2647.1%) $-9.74 (-705.0%)
2019 $538.2m (194.0%) $-4.0m (98.9%) $1.6m (102.8%) -0.7% (99.6%) $-0.11 (98.9%)
2020 $484.1m (-10.0%) $3.9m (197.0%) $-91.3m (-5699.2%) 0.8% (207.8%) $0.11 (200.0%)
2021 $588.6m (21.6%) $17.6m (354.7%) $-56.3m (38.4%) 3.0% (274.0%) $0.51 (363.6%)
2022 $526.7m (-10.5%) $25.3m (44.2%) $-31.8m (43.5%) 4.8% (61.1%) $0.75 (47.1%)
2023 $667.1m (26.7%) $86.8m (242.6%) $7.5m (123.6%) 13.0% (170.5%) $2.55 (240.0%)
2024 $696.0m (4.3%) $42.8m (-50.7%) $111.5m (1385.3%) 6.2% (-52.7%) $1.26 (-50.6%)
2025 $729.8m (4.8%) $74.8m (74.8%) $210.2m (88.5%) 10.3% (66.7%) $2.21 (75.4%)

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