Discounted Cash Flow

Illinois Tool Works Inc.

ITW · Based on 10 years of SEC filings

DCF estimate unavailable — only_0_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 $13.6b $-864.0m $2.0b -6.4% $5.73
2017 $14.3b (5.3%) $-1.6b (-86.1%) $2.1b (3.7%) -11.2% (-76.8%) $4.90 (-14.5%)
2018 $14.8b (3.2%) $-832.0m (48.3%) $2.4b (16.2%) -5.6% (49.8%) $7.65 (56.1%)
2019 $14.1b (-4.5%) $-777.0m (6.6%) $2.7b (9.1%) -5.5% (2.2%) $7.78 (1.7%)
2020 $12.6b (-10.9%) $-600.0m (22.8%) $2.6b (-3.7%) -4.8% (13.4%) $6.66 (-14.4%)
2021 $14.5b (15.0%) $-641.0m (-6.8%) $2.3b (-12.1%) -4.4% (7.1%) $8.55 (28.4%)
2022 $15.9b (10.2%) $-815.0m (-27.1%) $1.9b (-14.4%) -5.1% (-15.4%) $9.80 (14.6%)
2023 $16.1b (1.1%) $-905.0m (-11.0%) $3.1b (59.3%) -5.6% (-9.8%) $9.77 (-0.3%)
2024 $15.9b (-1.3%) $-927.0m (-2.4%) $2.8b (-7.8%) -5.8% (-3.8%) $11.75 (20.3%)
2025 $16.0b (0.9%) $-935.0m (-0.9%) $2.7b (-4.8%) -5.8% (0.1%) $10.52 (-10.5%)

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

only_0_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.