Discounted Cash Flow

Gentex Corp.

GNTX · 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 $1.7b $347.6m $471.5m 20.7% $1.21
2017 $1.8b (6.9%) $406.8m (17.0%) $501.0m (6.3%) 22.7% (9.5%) $1.42 (17.4%)
2018 $1.8b (2.2%) $437.9m (7.6%) $552.4m (10.3%) 23.9% (5.3%) $1.64 (15.5%)
2019 $1.9b (1.4%) $424.7m (-3.0%) $506.0m (-8.4%) 22.8% (-4.3%) $1.67 (1.8%)
2020 $1.7b (-9.2%) $347.6m (-18.2%) $464.5m (-8.2%) 20.6% (-9.9%) $1.41 (-15.6%)
2021 $1.7b (2.5%) $360.8m (3.8%) $362.2m (-22.0%) 20.8% (1.2%) $1.51 (7.1%)
2022 $1.9b (10.8%) $318.8m (-11.7%) $191.8m (-47.1%) 16.6% (-20.3%) $1.36 (-9.9%)
2023 $2.3b (19.8%) $428.4m (34.4%) $353.6m (84.4%) 18.6% (12.2%) $1.84 (35.3%)
2024 $2.3b (0.6%) $404.5m (-5.6%) $353.5m (-0.0%) 17.5% (-6.2%) $1.77 (-3.8%)
2025 $2.5b (9.6%) $384.8m (-4.9%) $458.0m (29.6%) 15.2% (-13.2%) $1.74 (-1.7%)

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