Discounted Cash Flow

Harmonic Inc.

HLIT · Based on 10 years of SEC filings

DCF estimate unavailable — only_4_profitable_out_of_10

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 $405.9m $-72.3m $-14.7m -17.8% $-0.93
2017 $358.2m (-11.7%) $-83.0m (-14.7%) $-8.3m (43.2%) -23.2% (-30.0%) $-1.02 (-9.7%)
2018 $403.6m (12.6%) $-21.0m (74.6%) $5.2m (162.9%) -5.2% (77.5%) $-0.25 (75.5%)
2019 $402.9m (-0.2%) $-5.9m (71.8%) $21.0m (300.1%) -1.5% (71.8%) $-0.07 (72.0%)
2020 $378.8m (-6.0%) $-29.3m (-394.1%) $7.0m (-66.8%) -7.7% (-425.5%) $-0.30 (-328.6%)
2021 $507.1m (33.9%) $13.3m (145.3%) $28.0m (303.0%) 2.6% (133.8%) $0.13 (143.3%)
2022 $625.0m (23.2%) $28.2m (112.6%) $-3.8m (-113.5%) 4.5% (72.5%) $0.27 (107.7%)
2023 $607.9m (-2.7%) $84.0m (198.0%) $-1.4m (62.5%) 13.8% (206.4%) $0.75 (177.8%)
2024 $678.7m (11.6%) $39.2m (-53.3%) $52.7m (3823.9%) 5.8% (-58.2%) $0.34 (-54.7%)
2025 $360.5m (-46.9%) $-43.3m (-210.4%) $96.9m (83.7%) -12.0% (-307.9%) $-0.38 (-211.8%)

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

only_4_profitable_out_of_10

Once the company meets all DCF eligibility criteria (sufficient history, profitability, growth trends), an estimate will become available automatically. No action is needed.