Discounted Cash Flow

Installed Building Products, Inc.

IBP · 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 $863.0m $38.4m $46.3m 4.5% $1.23
2017 $1.1b (31.3%) $41.1m (7.0%) $37.1m (-19.8%) 3.6% (-18.5%) $1.30 (5.7%)
2018 $1.3b (18.0%) $54.7m (33.1%) $61.4m (65.5%) 4.1% (12.8%) $1.76 (35.4%)
2019 $1.5b (13.1%) $68.2m (24.5%) $72.9m (18.7%) 4.5% (10.1%) $2.29 (30.1%)
2020 $1.7b (9.4%) $97.2m (42.7%) $147.2m (101.9%) 5.9% (30.4%) $3.30 (44.1%)
2021 $2.0b (19.1%) $118.8m (22.1%) $101.3m (-31.2%) 6.0% (2.6%) $4.04 (22.4%)
2022 $2.7b (35.6%) $223.4m (88.1%) $232.3m (129.2%) 8.4% (38.7%) $7.78 (92.6%)
2023 $2.8b (4.1%) $243.7m (9.1%) $278.6m (20.0%) 8.8% (4.8%) $8.65 (11.2%)
2024 $2.9b (5.9%) $256.6m (5.3%) $251.4m (-9.8%) 8.7% (-0.5%) $9.16 (5.9%)
2025 $3.0b (1.0%) $265.4m (3.4%) $300.8m (19.6%) 8.9% (2.4%) $9.76 (6.6%)

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