Discounted Cash Flow

Hartford Insurance Group, Inc.

HIG · 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 $18.3b $896.0m $1.8b 4.9% $2.31
2017 $17.0b (-7.2%) $-3.1b (-449.4%) $1.9b (5.1%) -18.4% (-476.7%) $0.94 (-59.3%)
2018 $1.4b (-91.6%) $1.8b (157.7%) $2.7b (40.5%) 127.4% (790.8%) $5.03 (435.1%)
2019 $1.4b (-1.0%) $2.1b (15.4%) $3.4b (24.4%) 148.5% (16.5%) $5.72 (13.7%)
2020 $1.4b (-3.1%) $1.7b (-16.7%) $3.8b (11.0%) 127.7% (-14.0%) $4.79 (-16.3%)
2021 $1.6b (15.4%) $2.4b (36.2%) $4.0b (5.4%) 150.7% (18.0%) $6.71 (40.1%)
2022 $1.4b (-9.3%) $1.8b (-23.3%) $3.8b (-3.2%) 127.5% (-15.4%) $5.52 (-17.7%)
2023 $1.4b (-2.9%) $2.5b (38.0%) $4.0b (4.5%) 181.2% (42.1%) $8.09 (46.6%)
2024 $1.5b (5.5%) $3.1b (24.2%) $5.8b (43.9%) 213.4% (17.8%) $10.51 (29.9%)
2025 $1.5b (3.3%) $3.8b (23.3%) $5.8b (-0.2%) 254.7% (19.4%) $13.51 (28.5%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Values abbreviated: b = billions, m = millions, k = thousands.

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