Discounted Cash Flow
Lincoln National Corp.
—
—
Average annual growth rates
| Metric | 10-Year | 5-Year | 3-Year |
|---|---|---|---|
| Sales | — | — | — |
| Free Cash Flow | — | — | — |
| Average (FCF & NI) | — | — | — |
| Net Income | — | — | — |
Endpoint CAGR (better for long term trend)
| Metric | 10-Year | 5-Year | 3-Year |
|---|---|---|---|
| Sales | — | — | — |
| Free Cash Flow | — | — | — |
| Average (FCF & NI) | — | — | — |
| Net Income | — | — | — |
Projected growth rate
—
—
%
%
Historical inputs (10 fiscal years)
| YEAR | Sales | Net Income | Free Cash Flow | Net Margin | EPS (diluted) |
|---|---|---|---|---|---|
| 2016 | $13.3b | $1.2b | $1.3b | 8.9% | $5.09 |
| 2017 | $14.3b (7.0%) | $2.1b (74.4%) | $788.0m (-38.1%) | 14.6% (63.1%) | $9.36 (83.9%) |
| 2018 | $1.3b (-90.6%) | $1.6b (-21.1%) | $-10.7b (-1458.8%) | 122.2% (737.9%) | $7.60 (-18.8%) |
| 2019 | $17.3b (1185.0%) | $886.0m (-46.0%) | $886.0m (108.3%) | 5.1% (-95.8%) | $4.41 (-42.0%) |
| 2020 | $17.4b (1.0%) | $499.0m (-43.7%) | $499.0m (-43.7%) | 2.9% (-44.3%) | $2.58 (-41.5%) |
| 2021 | $19.2b (10.3%) | $1.4b (181.6%) | $1.4b (181.6%) | 7.3% (155.3%) | $7.50 (190.7%) |
| 2022 | $18.8b (-2.4%) | $-2.2b (-259.5%) | $3.6b (156.9%) | -11.9% (-263.4%) | $-13.11 (-274.8%) |
| 2023 | $11.6b (-37.9%) | $-752.0m (66.4%) | $-752.0m (-120.8%) | -6.5% (45.9%) | $-4.92 (62.5%) |
| 2024 | $18.4b (58.4%) | $3.3b (535.5%) | $-13.4b (-1688.4%) | 17.8% (375.0%) | $18.66 (479.3%) |
| 2025 | $18.2b (-1.2%) | $1.2b (-64.1%) | $-167.0m (98.8%) | 6.5% (-63.6%) | $5.94 (-68.2%) |
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): —
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.