Discounted Cash Flow

Koppers Holdings Inc.

KOP · 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 $1.4b $29.3m $69.6m 2.1% $1.42
2017 $1.5b (4.2%) $29.1m (-0.7%) $34.3m (-50.7%) 2.0% (-4.7%) $1.40 (-1.4%)
2018 $1.7b (15.9%) $23.4m (-19.6%) $-31.4m (-191.5%) 1.4% (-30.6%) $1.12 (-20.0%)
2019 $1.8b (3.7%) $66.6m (184.6%) $78.1m (348.7%) 3.8% (174.6%) $3.23 (188.4%)
2020 $1.7b (-5.8%) $122.0m (83.2%) $57.3m (-26.6%) 7.3% (94.6%) $5.81 (79.9%)
2021 $1.7b (0.6%) $85.2m (-30.2%) $-22.0m (-138.4%) 5.1% (-30.6%) $4.00 (-31.2%)
2022 $2.0b (18.0%) $63.4m (-25.6%) $-3.0m (86.4%) 3.2% (-36.9%) $3.02 (-24.5%)
2023 $2.2b (8.8%) $89.2m (40.7%) $25.6m (953.3%) 4.1% (29.3%) $4.28 (41.7%)
2024 $2.1b (-2.9%) $52.4m (-41.3%) $42.0m (64.1%) 2.5% (-39.5%) $2.54 (-40.7%)
2025 $1.9b (-10.2%) $56.0m (6.9%) $67.5m (60.7%) 3.0% (19.0%) $2.82 (11.0%)

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