Discounted Cash Flow

Herbalife Ltd.

HLF · 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 $4.5b $260.0m $223.9m 5.8% $3.13
2017 $4.4b (-1.4%) $213.9m (-17.7%) $495.3m (121.2%) 4.8% (-16.6%) $2.70 (-13.7%)
2018 $4.9b (10.5%) $296.6m (38.7%) $564.4m (14.0%) 6.1% (25.5%) $2.12 (-21.5%)
2019 $4.9b (-0.3%) $311.0m (4.9%) $351.4m (-37.7%) 6.4% (5.2%) $2.26 (6.6%)
2020 $5.5b (13.6%) $372.6m (19.8%) $516.6m (47.0%) 6.7% (5.4%) $2.83 (25.2%)
2021 $5.8b (4.7%) $447.2m (20.0%) $308.9m (-40.2%) 7.7% (14.6%) $4.22 (49.1%)
2022 $5.2b (-10.3%) $321.3m (-28.2%) $196.1m (-36.5%) 6.2% (-19.9%) $3.26 (-22.7%)
2023 $5.1b (-2.7%) $142.2m (-55.7%) $222.5m (13.5%) 2.8% (-54.5%) $1.44 (-55.8%)
2024 $5.0b (-1.4%) $254.3m (78.8%) $163.4m (-26.6%) 5.1% (81.3%) $2.53 (75.7%)
2025 $5.0b (0.9%) $228.3m (-10.2%) $252.9m (54.8%) 4.5% (-11.0%) $2.22 (-12.3%)

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):

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