Discounted Cash Flow

Brasilagro - Brazilian Agricultural Real Estate Co. ADR

LND · 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)
2017 $146.9m $-4.4m $-4.4m -3.0% $0.48
2018 $244.3m (66.3%) $160.8m (3734.2%) $-2.7m (39.1%) 65.8% (2285.6%) $2.35 (392.7%)
2019 $357.9m (46.5%) $199.8m (24.2%) $50.9m (1987.5%) 55.8% (-15.2%) $3.29 (40.0%)
2020 $487.6m (36.2%) $-150.0k (-100.1%) $65.9m (29.5%) -0.0% (-100.1%) $2.11 (-35.9%)
2021 $663.0m (36.0%) $19.5m (13110.0%) $111.1m (68.5%) 2.9% (9668.2%) $4.56 (116.2%)
2022 $1.2b (76.2%) $637.3m (3165.8%) $203.6m (83.3%) 54.6% (1753.4%) $5.26 (15.4%)
2023 $903.4m (-22.7%) $281.7m (-55.8%) $149.9m (-26.4%) 31.2% (-42.8%) $2.72 (-48.3%)
2024 $771.1m (-14.6%) $191.5m (-32.0%) $72.1m (-51.9%) 24.8% (-20.4%) $2.28 (-16.2%)
2025 $877.4m (13.8%) $206.5m (7.8%) $60.0m (-16.8%) 23.5% (-5.3%) $1.39 (-39.2%)

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