Discounted Cash Flow

Masco Corp. /De/

MAS · 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 $7.4b $491.0m $546.0m 6.7% $1.49
2017 $7.6b (3.9%) $533.0m (8.6%) $578.0m (5.9%) 7.0% (4.5%) $1.68 (12.8%)
2018 $8.4b (9.4%) $734.0m (37.7%) $813.0m (40.7%) 8.8% (25.9%) $2.38 (41.7%)
2019 $6.7b (-19.8%) $935.0m (27.4%) $671.0m (-17.5%) 13.9% (58.8%) $3.24 (36.1%)
2020 $7.2b (7.2%) $1.2b (30.9%) $839.0m (25.0%) 17.0% (22.1%) $4.60 (42.0%)
2021 $8.4b (16.5%) $410.0m (-66.5%) $802.0m (-4.4%) 4.9% (-71.3%) $1.63 (-64.6%)
2022 $8.7b (3.6%) $844.0m (105.9%) $616.0m (-23.2%) 9.7% (98.6%) $3.65 (123.9%)
2023 $8.0b (-8.2%) $908.0m (7.6%) $1.2b (90.1%) 11.4% (17.2%) $4.03 (10.4%)
2024 $7.8b (-1.7%) $822.0m (-9.5%) $907.0m (-22.5%) 10.5% (-7.9%) $3.77 (-6.5%)
2025 $7.6b (-3.4%) $810.0m (-1.5%) $866.0m (-4.5%) 10.7% (2.0%) $3.87 (2.7%)

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):

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