Discounted Cash Flow

Matson, Inc.

MATX · 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 $1.9b $80.5m $-21.6m 4.1% $1.87
2017 $2.0b (5.4%) $232.0m (188.2%) $-82.1m (-280.1%) 11.3% (173.4%) $5.41 (189.3%)
2018 $2.2b (8.6%) $109.0m (-53.0%) $305.0m (471.5%) 4.9% (-56.7%) $2.55 (-52.9%)
2019 $2.2b (-0.9%) $82.7m (-24.1%) $248.8m (-18.4%) 3.8% (-23.5%) $1.93 (-24.3%)
2020 $2.4b (8.2%) $193.1m (133.5%) $429.8m (72.7%) 8.1% (115.8%) $4.48 (132.1%)
2021 $3.9b (64.7%) $927.4m (380.3%) $984.1m (129.0%) 23.6% (191.6%) $21.67 (383.7%)
2022 $4.3b (10.6%) $1.1b (14.7%) $1.1b (8.0%) 24.5% (3.7%) $27.28 (25.9%)
2023 $3.1b (-28.7%) $297.1m (-72.1%) $262.1m (-75.3%) 9.6% (-60.8%) $8.42 (-69.1%)
2024 $3.4b (10.6%) $476.4m (60.4%) $457.7m (74.6%) 13.9% (45.0%) $14.14 (67.9%)
2025 $3.3b (-2.3%) $444.8m (-6.6%) $153.7m (-66.4%) 13.3% (-4.5%) $13.99 (-1.1%)

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