Discounted Cash Flow

Gladstone Commercial Corp. REIT

GOOD · 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 $86.4m $4.0m $4.0m 4.6% $-0.16
2017 $94.8m (9.8%) $5.9m (50.0%) $46.8m (1083.5%) 6.3% (36.7%) $-0.19 (-18.8%)
2018 $106.8m (12.7%) $12.3m (107.5%) $55.6m (18.7%) 11.5% (84.2%) $0.03 (115.8%)
2019 $114.4m (7.1%) $9.6m (-21.9%) $60.2m (8.3%) 8.4% (-27.0%) $-0.16 (-633.3%)
2020 $133.2m (16.4%) $14.9m (55.2%) $65.5m (8.8%) 11.2% (33.3%) $0.09 (156.2%)
2021 $137.7m (3.4%) $9.8m (-34.6%) $70.1m (7.1%) 7.1% (-36.7%) $-0.12 (-233.3%)
2022 $149.0m (8.2%) $9.3m (-4.9%) $69.2m (-1.4%) 6.2% (-12.1%) $-0.08 (33.3%)
2023 $147.6m (-0.9%) $5.0m (-46.4%) $5.0m (-92.8%) 3.4% (-45.9%) $-0.19 (-137.5%)
2024 $149.4m (1.2%) $24.0m (381.4%) $57.0m (1042.5%) 16.1% (375.6%) $0.27 (242.1%)
2025 $161.3m (8.0%) $19.3m (-19.6%) $88.2m (54.8%) 12.0% (-25.6%) $0.14 (-48.1%)

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