Discounted Cash Flow

Lumentum Holdings Inc.

LITE · Based on 10 years of SEC filings

DCF estimate unavailable — only_6_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 $903.0m $9.3m $4.6m 1.0% $-0.05
2017 $1.0b (10.9%) $-102.5m (-1202.2%) $-53.1m (-1254.3%) -10.2% (-1093.7%) $-1.71 (-3320.0%)
2018 $1.2b (24.6%) $248.1m (342.0%) $154.3m (390.6%) 19.9% (294.3%) $3.88 (326.9%)
2019 $1.5b (21.7%) $-36.4m (-114.7%) $164.1m (6.4%) -2.4% (-112.1%) $-0.54 (-113.9%)
2020 $1.7b (10.5%) $135.5m (472.3%) $438.3m (167.1%) 8.1% (436.8%) $1.79 (431.5%)
2021 $1.7b (3.8%) $397.3m (193.2%) $653.9m (49.2%) 22.8% (182.4%) $5.27 (194.4%)
2022 $1.7b (-1.7%) $198.9m (-49.9%) $368.1m (-43.7%) 11.6% (-49.1%) $2.79 (-47.1%)
2023 $1.8b (3.2%) $-131.6m (-166.2%) $51.3m (-86.1%) -7.4% (-164.1%) $-1.93 (-169.2%)
2024 $1.4b (-23.1%) $-546.5m (-315.3%) $-108.3m (-311.1%) -40.2% (-439.9%) $-8.12 (-320.7%)
2025 $1.6b (21.0%) $25.9m (104.7%) $-104.7m (3.3%) 1.6% (103.9%) $0.38 (104.7%)

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_6_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.