Discounted Cash Flow
Highwoods Properties, Inc. REIT
—
—
Average annual growth rates
| Metric | 10-Year | 5-Year | 3-Year |
|---|---|---|---|
| Sales | — | — | — |
| Free Cash Flow | — | — | — |
| Average (FCF & NI) | — | — | — |
| Net Income | — | — | — |
Endpoint CAGR (better for long term trend)
| Metric | 10-Year | 5-Year | 3-Year |
|---|---|---|---|
| Sales | — | — | — |
| Free Cash Flow | — | — | — |
| Average (FCF & NI) | — | — | — |
| Net Income | — | — | — |
Projected growth rate
—
—
%
%
Historical inputs (10 fiscal years)
| YEAR | Sales | Net Income | Free Cash Flow | Net Margin | EPS (diluted) |
|---|---|---|---|---|---|
| 2016 | $665.6m | $521.8m | $305.8m | 78.4% | $5.30 |
| 2017 | $702.7m (5.6%) | $182.9m (-65.0%) | $352.5m (15.3%) | 26.0% (-66.8%) | $1.78 (-66.4%) |
| 2018 | $720.0m (2.5%) | $169.3m (-7.4%) | $358.6m (1.7%) | 23.5% (-9.6%) | $1.64 (-7.9%) |
| 2019 | $736.0m (2.2%) | $134.4m (-20.6%) | $365.8m (2.0%) | 18.3% (-22.3%) | $1.30 (-20.7%) |
| 2020 | $736.9m (0.1%) | $344.9m (156.6%) | $358.2m (-2.1%) | 46.8% (156.3%) | $3.32 (155.4%) |
| 2021 | $768.0m (4.2%) | $310.8m (-9.9%) | $414.6m (15.7%) | 40.5% (-13.5%) | $2.98 (-10.2%) |
| 2022 | $828.9m (7.9%) | $156.6m (-49.6%) | $421.8m (1.7%) | 18.9% (-53.3%) | $1.49 (-50.0%) |
| 2023 | $834.0m (0.6%) | $146.2m (-6.6%) | $387.0m (-8.3%) | 17.5% (-7.2%) | $1.39 (-6.7%) |
| 2024 | $825.9m (-1.0%) | $99.8m (-31.8%) | $403.6m (4.3%) | 12.1% (-31.1%) | $0.94 (-32.4%) |
| 2025 | $806.1m (-2.4%) | $157.3m (57.6%) | $359.2m (-11.0%) | 19.5% (61.5%) | $1.45 (54.3%) |
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): —
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.