Discounted Cash Flow

H2o America

HTO · 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 $339.7m $52.8m $114.1m 15.6% $2.59
2017 $389.2m (14.6%) $59.2m (12.0%) $101.1m (-11.4%) 15.2% (-2.2%) $2.89 (11.6%)
2018 $389.3m (0.0%) $38.8m (-34.5%) $91.3m (-9.7%) 10.0% (-34.5%) $1.83 (-36.7%)
2019 $447.7m (15.0%) $23.4m (-39.6%) $130.0m (42.3%) 5.2% (-47.5%) $0.82 (-55.2%)
2020 $549.3m (22.7%) $61.5m (162.9%) $104.1m (-20.0%) 11.2% (114.3%) $2.16 (163.4%)
2021 $559.6m (1.9%) $60.5m (-1.7%) $130.0m (25.0%) 10.8% (-3.5%) $2.04 (-5.6%)
2022 $586.9m (4.9%) $73.8m (22.1%) $-78.0m (-160.0%) 12.6% (16.4%) $2.44 (19.6%)
2023 $678.2m (15.5%) $85.0m (15.1%) $-99.9m (-28.0%) 12.5% (-0.4%) $2.69 (10.2%)
2024 $736.3m (8.6%) $94.0m (10.6%) $-185.1m (-85.3%) 12.8% (1.8%) $2.87 (6.7%)
2025 $805.6m (9.4%) $102.6m (9.2%) $-278.1m (-50.2%) 12.7% (-0.2%) $2.93 (2.1%)

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