Discounted Cash Flow

LTC Properties Inc.

LTC · 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 $161.6m $85.1m 52.7% $2.21
2017 $168.1m (4.0%) $87.0m (2.2%) $105.3m 51.8% (-1.8%) $2.21 (0.0%)
2018 $168.6m (0.3%) $155.0m (78.2%) $115.5m (9.7%) 91.9% (77.6%) $3.91 (76.9%)
2019 $185.3m (9.9%) $80.5m (-48.0%) $122.5m (6.0%) 43.5% (-52.7%) $2.03 (-48.1%)
2020 $159.3m (-14.0%) $95.3m (18.3%) $116.1m (-5.2%) 59.8% (37.6%) $2.42 (19.2%)
2021 $155.3m (-2.5%) $55.9m (-41.4%) $91.2m (-21.5%) 36.0% (-39.9%) $1.41 (-41.7%)
2022 $175.2m (12.8%) $100.0m (79.1%) $105.6m (15.8%) 57.1% (58.8%) $2.49 (76.6%)
2023 $197.2m (12.6%) $89.7m (-10.3%) $104.5m (-1.0%) 45.5% (-20.3%) $2.16 (-13.3%)
2024 $209.8m (6.4%) $91.0m (1.5%) $125.9m (20.5%) 43.4% (-4.6%) $2.07 (-4.2%)
2025 $262.9m (25.3%) $118.0m (29.6%) $136.0m (8.0%) 44.9% (3.5%) $2.54 (22.7%)

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