Discounted Cash Flow

Madrigal Pharmaceuticals, Inc.

MDGL · Based on 10 years of SEC filings

DCF estimate unavailable — No positive free cash flow in recent history — company has not generated positive FCF

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income
Dividends

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 $48.3k $-26.4m $-17.6m -54629.9% $-5.07
2017 $558.0k (1055.2%) $-31.2m (-18.1%) $-22.4m (-27.4%) -5583.2% (89.8%) $-2.54 (49.9%)
2018 $7.7m (1274.7%) $-32.8m (-5.3%) $-25.5m (-13.8%) -427.7% (92.3%) $-2.22 (12.6%)
2019 $0 (-100.0%) $-83.9m (-155.9%) $-41.8m (-63.7%) $-5.45 (-145.5%)
2020 $0 $-202.2m (-140.9%) $-157.9m (-277.8%) $-13.09 (-140.2%)
2021 $0 $-241.8m (-19.6%) $-184.1m (-16.6%) $-14.63 (-11.8%)
2022 $0 $-295.4m (-22.1%) $-225.1m (-22.2%) $-17.23 (-17.8%)
2023 $0 $-373.6m (-26.5%) $-325.7m (-44.7%) $-19.99 (-16.0%)
2024 $180.1m $-465.9m (-24.7%) $-457.0m (-40.3%) -258.6% $-21.90 (-9.6%)
2025 $958.4m (432.1%) $-288.3m (38.1%) $-190.0m (58.4%) -30.1% (88.4%) $-12.85 (41.3%)

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

No positive free cash flow in recent history — company has not generated positive FCF

Once the company meets all DCF eligibility criteria (sufficient history, profitability, growth trends), an estimate will become available automatically. No action is needed.