Discounted Cash Flow

Innodata Inc.

INOD · 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 $63.1m $-5.5m $-5.5m -8.8% $-0.22
2017 $60.9m (-3.4%) $-5.1m (8.5%) $-2.7m (51.2%) -8.3% (5.3%) $-0.20 (9.1%)
2018 $57.4m (-5.8%) $4.0k (100.1%) $1.6m (158.8%) 0.0% (100.1%) $-0.00 (100.0%)
2019 $55.9m (-2.7%) $-1.6m (-40150.0%) $3.1m (96.3%) -2.9% (-41268.5%) $-0.08
2020 $58.2m (4.3%) $617.0k (138.5%) $4.2m (37.7%) 1.1% (136.9%) $0.03 (137.5%)
2021 $69.8m (19.8%) $-1.7m (-371.2%) $783.0k (-81.6%) -2.4% (-326.4%) $-0.06 (-300.0%)
2022 $79.0m (13.3%) $-11.9m (-613.4%) $-7.7m (-1088.8%) -15.1% (-529.9%) $-0.44 (-633.3%)
2023 $86.8m (9.8%) $-908.0k (92.4%) $339.0k (104.4%) -1.0% (93.1%) $-0.03 (93.2%)
2024 $170.5m (96.4%) $28.7m (3256.4%) $27.3m (7945.4%) 16.8% (1706.8%) $0.98 (3366.7%)
2025 $251.7m (47.6%) $32.2m (12.3%) $35.6m (30.7%) 12.8% (-23.9%) $1.01 (3.1%)

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

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.