Discounted Cash Flow

Krystal Biotech, Inc.

KRYS · 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 $-1.1m $-1.3m $-1.31
2017 $-7.9m (-588.7%) $-4.1m (-209.2%) $-1.48 (-13.0%)
2018 $-10.9m (-37.5%) $-11.7m (-184.9%) $-0.97 (34.5%)
2019 $-19.1m (-75.3%) $-25.1m (-115.0%) $-1.20 (-23.7%)
2020 $-32.2m (-68.5%) $-40.9m (-63.0%) $-1.71 (-42.5%)
2021 $0 $-69.6m (-116.3%) $-116.3m (-184.1%) $-3.13 (-83.0%)
2022 $0 $-140.0m (-101.2%) $-153.5m (-32.1%) $-5.49 (-75.4%)
2023 $50.7m $10.9m (107.8%) $-100.6m (34.5%) 21.6% $0.40 (107.3%)
2024 $290.5m (473.0%) $89.2m (715.6%) $119.2m (218.5%) 30.7% (42.3%) $3.12 (680.0%)
2025 $389.1m (33.9%) $204.8m (129.7%) $188.9m (58.5%) 52.6% (71.5%) $7.08 (126.9%)

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