Discounted Cash Flow

Invesco Ltd.

IVZ · Based on 10 years of SEC filings

DCF estimate unavailable — loss_in_2023

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 $4.7b $854.2m $-18.4m 18.0% $2.06
2017 $5.2b (9.0%) $1.1b (32.0%) $1.3b (6942.4%) 21.8% (21.1%) $2.75 (33.5%)
2018 $5.3b (3.0%) $882.8m (-21.7%) $726.3m (-42.3%) 16.6% (-24.0%) $2.14 (-22.2%)
2019 $6.1b (15.1%) $564.7m (-36.0%) $992.3m (36.6%) 9.2% (-44.4%) $1.29 (-39.7%)
2020 $6.1b (0.5%) $524.8m (-7.1%) $1.1b (12.4%) 8.5% (-7.5%) $1.14 (-11.6%)
2021 $6.9b (12.2%) $1.4b (165.4%) $969.3m (-13.1%) 20.2% (136.6%) $3.01 (164.0%)
2022 $6.0b (-12.3%) $683.9m (-50.9%) $510.3m (-47.4%) 11.3% (-44.0%) $1.50 (-50.2%)
2023 $5.7b (-5.5%) $-333.7m (-148.8%) $1.1b (122.7%) -5.8% (-151.6%) $-0.73 (-148.7%)
2024 $6.1b (6.1%) $538.0m (261.2%) $1.1b (-1.4%) 8.9% (251.9%) $1.18 (261.6%)
2025 $6.4b (5.1%) $-726.3m (-235.0%) $1.4b (28.6%) -11.4% (-228.4%) $-1.60 (-235.6%)

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

loss_in_2023

Once the company meets all DCF eligibility criteria (sufficient history, profitability, growth trends), an estimate will become available automatically. No action is needed.