Discounted Cash Flow

Kirby Corp.

KEX · 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 $1.8b $141.4m $183.0m 8.0% $2.63
2017 $2.2b (25.1%) $313.2m (121.5%) $176.2m (-3.7%) 14.1% (77.1%) $5.62 (113.7%)
2018 $3.0b (34.2%) $78.5m (-75.0%) $45.1m (-74.4%) 2.6% (-81.3%) $1.31 (-76.7%)
2019 $2.8b (-4.5%) $142.3m (81.4%) $263.6m (484.1%) 5.0% (89.9%) $2.38 (81.7%)
2020 $2.2b (-23.5%) $-272.5m (-291.5%) $296.8m (12.6%) -12.6% (-350.3%) $-4.55 (-291.2%)
2021 $2.2b (3.5%) $-247.0m (9.4%) $223.6m (-24.7%) -11.0% (12.4%) $-4.11 (9.7%)
2022 $2.8b (24.0%) $122.3m (149.5%) $121.5m (-45.6%) 4.4% (140.0%) $2.04 (149.6%)
2023 $3.1b (11.0%) $222.9m (82.3%) $138.5m (14.0%) 7.2% (64.2%) $3.74 (83.3%)
2024 $3.3b (5.6%) $286.7m (28.6%) $413.8m (198.8%) 8.8% (21.7%) $4.95 (32.4%)
2025 $3.4b (3.0%) $354.6m (23.7%) $405.7m (-2.0%) 10.5% (20.1%) $6.37 (28.7%)

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