Discounted Cash Flow

Lindblad Expeditions Holdings, Inc.

LIND · Based on 10 years of SEC filings

DCF estimate unavailable — only_3_profitable_out_of_10

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 $242.3m $4.9m $-44.5m 2.0% $0.11
2017 $266.5m (10.0%) $-8.7m (-278.1%) $-27.6m (38.1%) -3.2% (-261.9%) $-0.19 (-272.7%)
2018 $309.7m (16.2%) $11.4m (231.1%) $2.0m (107.3%) 3.7% (212.8%) $0.25 (231.6%)
2019 $343.1m (10.8%) $16.4m (44.1%) $-33.4m (-1761.0%) 4.8% (30.0%) $0.29 (16.0%)
2020 $-16.7m (-104.9%) $-98.7m (-703.8%) $-247.7m (-641.3%) 591.5% (12310.3%) $-2.01 (-793.1%)
2021 $147.1m (981.3%) $-119.2m (-20.7%) $-64.2m (74.1%) -81.0% (-113.7%) $-2.41 (-19.9%)
2022 $421.5m (186.5%) $-111.4m (6.6%) $-40.4m (37.1%) -26.4% (67.4%) $-2.23 (7.5%)
2023 $569.5m (35.1%) $-45.6m (59.1%) $-4.5m (88.8%) -8.0% (69.7%) $-0.94 (57.8%)
2024 $644.7m (13.2%) $-31.2m (31.6%) $58.8m (1401.1%) -4.8% (39.6%) $-0.67 (28.7%)
2025 $771.0m (19.6%) $-29.7m (4.7%) $63.8m (8.5%) -3.9% (20.3%) $-0.63 (6.0%)

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

only_3_profitable_out_of_10

Once the company meets all DCF eligibility criteria (sufficient history, profitability, growth trends), an estimate will become available automatically. No action is needed.