Discounted Cash Flow

Hims & Hers Health, Inc.

HIMS · 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)
2020 $148.8m $-3.0m $-777.1k -2.0% $-0.51
2021 $271.9m (82.8%) $-107.7m (-3430.9%) $-34.4m (-4328.4%) -39.6% (-1831.9%) $-0.58 (-13.7%)
2022 $526.9m (93.8%) $-65.7m (39.0%) $-33.8m (1.8%) -12.5% (68.5%) $-0.32 (44.8%)
2023 $872.0m (65.5%) $-23.5m (64.1%) $47.0m (239.1%) -2.7% (78.3%) $-0.11 (65.6%)
2024 $1.5b (69.3%) $126.0m (635.3%) $198.3m (322.1%) 8.5% (416.1%) $0.58 (627.3%)
2025 $2.3b (59.0%) $128.4m (1.8%) $57.4m (-71.1%) 5.5% (-35.9%) $0.57 (-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