Discounted Cash Flow

Monarch Casino & Resort Inc.

MCRI · 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 $217.0m $24.6m $17.6m 11.3% $1.42
2017 $230.7m (6.3%) $25.5m (3.9%) $-536.0k (-103.0%) 11.1% (-2.2%) $1.45 (2.1%)
2018 $240.3m (4.2%) $34.1m (33.5%) $-78.3m (-14511.6%) 14.2% (28.2%) $1.91 (31.7%)
2019 $249.2m (3.7%) $31.8m (-6.7%) $-62.1m (20.7%) 12.8% (-10.0%) $1.77 (-7.3%)
2020 $184.4m (-26.0%) $23.7m (-25.6%) $-57.2m (7.9%) 12.8% (0.6%) $1.30 (-26.6%)
2021 $395.4m (114.4%) $68.5m (189.2%) $81.2m (241.9%) 17.3% (34.9%) $3.68 (183.1%)
2022 $477.9m (20.9%) $87.5m (27.7%) $100.3m (23.5%) 18.3% (5.7%) $4.60 (25.0%)
2023 $501.5m (4.9%) $82.4m (-5.8%) $124.0m (23.7%) 16.4% (-10.2%) $4.28 (-7.0%)
2024 $522.2m (4.1%) $72.8m (-11.7%) $93.3m (-24.8%) 13.9% (-15.2%) $3.91 (-8.6%)
2025 $545.1m (4.4%) $101.4m (39.3%) $128.4m (37.7%) 18.6% (33.5%) $5.55 (41.9%)

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