Discounted Cash Flow
Carmax Inc.
—
—
Average annual growth rates
| Metric | 10-Year | 5-Year | 3-Year |
|---|---|---|---|
| Sales | — | — | — |
| Free Cash Flow | — | — | — |
| Average (FCF & NI) | — | — | — |
| Net Income | — | — | — |
Endpoint CAGR (better for long term trend)
| Metric | 10-Year | 5-Year | 3-Year |
|---|---|---|---|
| Sales | — | — | — |
| Free Cash Flow | — | — | — |
| Average (FCF & NI) | — | — | — |
| Net Income | — | — | — |
Projected growth rate
—
—
%
%
Historical inputs (10 fiscal years)
| YEAR | Sales | Net Income | Free Cash Flow | Net Margin | EPS (diluted) |
|---|---|---|---|---|---|
| 2017 | $15.9b | $627.0m | $-886.3m | 3.9% | $3.29 |
| 2018 | $17.1b (7.8%) | $664.1m (5.9%) | $-377.4m (57.4%) | 3.9% (-1.8%) | $3.64 (10.6%) |
| 2019 | $18.2b (6.1%) | $842.4m (26.8%) | $-141.7m (62.5%) | 4.6% (19.5%) | $4.83 (32.7%) |
| 2020 | $20.3b (11.8%) | $888.4m (5.5%) | $-568.5m (-301.3%) | 4.4% (-5.7%) | $5.39 (11.6%) |
| 2021 | $19.0b (-6.7%) | $746.9m (-15.9%) | $503.2m (188.5%) | 3.9% (-9.9%) | $4.58 (-15.0%) |
| 2022 | $31.9b (68.3%) | $1.2b (54.1%) | $-2.9b (-667.9%) | 3.6% (-8.4%) | $7.09 (54.8%) |
| 2023 | $29.7b (-6.9%) | $484.8m (-57.9%) | $860.6m (130.1%) | 1.6% (-54.8%) | $3.05 (-57.0%) |
| 2024 | $26.5b (-10.6%) | $479.2m (-1.1%) | $-6.7m (-100.8%) | 1.8% (10.6%) | $3.03 (-0.7%) |
| 2025 | $26.4b (-0.7%) | $500.6m (4.5%) | $156.5m (2439.3%) | 1.9% (5.2%) | $3.22 (6.3%) |
| 2026 | $25.9b (-1.8%) | $247.3m (-50.6%) | $1.2b (694.2%) | 1.0% (-49.7%) | $1.68 (-47.8%) |
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): —
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.