Discounted Cash Flow

Lifeway Foods, Inc.

LWAY · 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 $123.9m $3.5m $1.9m 2.8% $0.22
2017 $118.9m (-4.0%) $-346.0k (-109.9%) $-1.5m (-182.1%) -0.3% (-110.4%) $-0.02 (-109.1%)
2018 $103.3m (-13.1%) $-3.1m (-791.9%) $-407.0k (73.5%) -3.0% (-926.0%) $-0.19 (-850.0%)
2019 $93.7m (-9.4%) $453.0k (114.7%) $2.6m (746.9%) 0.5% (116.2%) $0.03 (115.8%)
2020 $102.0m (8.9%) $3.2m (613.5%) $4.5m (70.5%) 3.2% (555.0%) $0.21 (600.0%)
2021 $119.1m (16.7%) $3.3m (2.4%) $3.6m (-18.9%) 2.8% (-12.2%) $0.21 (0.0%)
2022 $141.6m (18.9%) $924.0k (-72.1%) $538.0k (-85.2%) 0.7% (-76.5%) $0.06 (-71.4%)
2023 $160.1m (13.1%) $11.4m (1130.2%) $12.6m (2240.1%) 7.1% (987.6%) $0.77 (1183.3%)
2024 $186.8m (16.7%) $9.0m (-20.6%) $6.3m (-50.2%) 4.8% (-31.9%) $0.61 (-20.8%)
2025 $212.5m (13.7%) $13.9m (53.6%) $-16.4m (-362.0%) 6.5% (35.0%) $0.91 (49.2%)

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