Discounted Cash Flow

Lendingclub Corp.

LC · 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 $500.8m $-146.0m $-51.3m -29.1% $-0.38
2017 $574.5m (14.7%) $-153.8m (-5.4%) $-635.4m (-1138.7%) -26.8% (8.1%) $-0.38 (0.0%)
2018 $530.6m (-7.7%) $-128.3m (16.6%) $-691.9m (-8.9%) -24.2% (9.7%) $-0.30 (21.1%)
2019 $604.2m (13.9%) $-30.7m (76.0%) $-30.7m (95.6%) -5.1% (79.0%) $-0.35 (-16.7%)
2020 $314.7m (-47.9%) $-187.5m (-510.0%) $386.9m (1358.4%) -59.6% (-1071.2%) $-1.24 (-254.3%)
2021 $212.8m (-32.4%) $18.6m (109.9%) $18.6m (-95.2%) 8.7% (114.6%) $0.38 (130.6%)
2022 $474.8m (123.1%) $289.7m (1459.1%) $306.1m (1547.4%) 61.0% (598.8%) $2.80 (636.8%)
2023 $561.8m (18.3%) $38.9m (-86.6%) $38.9m (-87.3%) 6.9% (-88.6%) $0.36 (-87.1%)
2024 $51.3m (31.8%) $-2.7b (-7004.3%) $0.46 (27.8%)
2025 $135.7m (164.3%) $-2.9b (-6.7%) $1.18 (156.5%)

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):

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