Discounted Cash Flow

Lear Corp.

LEA · 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 $18.6b $975.1m $1.1b 5.3% $13.48
2017 $20.5b (10.3%) $1.3b (34.7%) $1.2b (8.9%) 6.4% (22.1%) $18.79 (39.4%)
2018 $21.1b (3.3%) $1.1b (-12.5%) $1.1b (-7.2%) 5.4% (-15.3%) $17.35 (-7.7%)
2019 $19.8b (-6.3%) $753.6m (-34.5%) $680.4m (-38.3%) 3.8% (-30.0%) $12.80 (-26.2%)
2020 $17.0b (-14.0%) $158.5m (-79.0%) $210.8m (-69.0%) 0.9% (-75.6%) $2.63 (-79.5%)
2021 $19.3b (13.0%) $373.9m (135.9%) $85.0m (-59.7%) 1.9% (108.7%) $6.22 (136.5%)
2022 $20.9b (8.5%) $327.7m (-12.4%) $383.2m (350.8%) 1.6% (-19.2%) $5.49 (-11.7%)
2023 $23.5b (12.3%) $572.5m (74.7%) $622.8m (62.5%) 2.4% (55.5%) $9.73 (77.2%)
2024 $23.3b (-0.7%) $506.6m (-11.5%) $561.4m (-9.9%) 2.2% (-10.9%) $9.02 (-7.3%)
2025 $23.3b (-0.2%) $436.8m (-13.8%) $527.2m (-6.1%) 1.9% (-13.6%) $8.22 (-8.9%)

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