Discounted Cash Flow

Kadant Inc.

KAI · 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)
2017 $515.0m $31.1m $47.9m 6.0% $2.83
2018 $633.8m (23.1%) $60.4m (94.3%) $46.4m (-3.0%) 9.5% (57.9%) $5.45 (92.6%)
2019 $704.6m (11.2%) $52.1m (-13.8%) $87.5m (88.4%) 7.4% (-22.5%) $4.63 (-15.0%)
2020 $635.0m (-9.9%) $55.2m (6.0%) $85.3m (-2.5%) 8.7% (17.6%) $4.81 (3.9%)
2021 $786.6m (23.9%) $55.2m (0.0%) $85.3m (0.0%) 7.0% (-19.3%) $4.81 (0.0%)
2022 $904.7m (15.0%) $120.9m (119.1%) $134.2m (57.4%) 13.4% (90.5%) $10.38 (115.8%)
2023 $957.7m (5.9%) $116.1m (-4.0%) $133.7m (-0.4%) 12.1% (-9.3%) $9.92 (-4.4%)
2024 $1.1b (10.0%) $111.6m (-3.9%) $134.3m (0.4%) 10.6% (-12.6%) $9.51 (-4.1%)
2025 $1.1b (-0.1%) $102.0m (-8.6%) $154.3m (14.9%) 9.7% (-8.5%) $8.66 (-8.9%)
2026 $1.1b (0.0%) $102.0m (0.0%) $154.3m (0.0%) 9.7% (0.0%) $8.66 (0.0%)

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