Discounted Cash Flow
Houlihan Lokey, Inc.
—
—
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) |
|---|---|---|---|---|---|
| 2017 | — | $108.3m | $214.8m | — | $1.77 |
| 2018 | — | $172.3m (59.0%) | $242.9m (13.1%) | — | $2.76 (55.9%) |
| 2019 | $1.1b | $159.1m (-7.6%) | $217.5m (-10.4%) | 14.7% | $2.56 (-7.2%) |
| 2020 | $1.2b (6.9%) | $183.8m (15.5%) | $266.9m (22.7%) | 15.9% (8.0%) | $2.96 (15.6%) |
| 2021 | $1.5b (31.6%) | $312.8m (70.2%) | $565.7m (111.9%) | 20.5% (29.3%) | $4.75 (60.5%) |
| 2022 | $2.3b (48.8%) | $437.8m (40.0%) | $727.9m (28.7%) | 19.3% (-5.9%) | $6.74 (41.9%) |
| 2023 | $1.8b (-20.3%) | $254.2m (-41.9%) | $85.5m (-88.2%) | 14.0% (-27.1%) | $4.01 (-40.5%) |
| 2024 | $1.9b (5.8%) | $280.3m (10.3%) | $261.7m (206.0%) | 14.6% (4.2%) | $4.36 (8.7%) |
| 2025 | $2.4b (24.8%) | $399.7m (42.6%) | $808.9m (209.1%) | 16.7% (14.3%) | $6.08 (39.4%) |
| 2026 | $2.6b (9.5%) | $425.7m (6.5%) | $681.8m (-15.7%) | 16.3% (-2.8%) | $6.40 (5.3%) |
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.