Discounted Cash Flow

Herc Holdings Inc.

HRI · 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 $1.6b $-19.7m $-19.7m -1.3% $-0.70
2017 $1.8b (12.8%) $160.3m (913.7%) $267.1m (1455.8%) 9.1% (821.1%) $5.66 (908.6%)
2018 $2.0b (12.7%) $69.1m (-56.9%) $481.5m (80.3%) 3.5% (-61.7%) $2.43 (-57.1%)
2019 $2.0b (1.1%) $47.5m (-31.3%) $47.5m (-90.1%) 2.4% (-32.0%) $1.66 (-31.7%)
2020 $1.8b (-10.9%) $73.7m (55.2%) $569.5m (1098.9%) 4.1% (74.1%) $2.53 (52.4%)
2021 $2.1b (16.4%) $224.1m (204.1%) $696.0m (22.2%) 10.8% (161.3%) $7.57 (199.2%)
2022 $2.7b (32.1%) $329.9m (47.2%) $813.0m (16.8%) 12.0% (11.4%) $11.15 (47.3%)
2023 $3.3b (19.8%) $347.0m (5.2%) $930.0m (14.4%) 10.6% (-12.2%) $12.18 (9.2%)
2024 $3.6b (8.7%) $211.0m (-39.2%) $1.1b (14.4%) 5.9% (-44.1%) $7.43 (-39.0%)
2025 $862.0m (-75.8%) $1.0m (-99.5%) $928.0m (-12.8%) 0.1% (-98.0%) $0.03 (-99.6%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Values abbreviated: b = billions, m = millions, k = thousands.

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