Discounted Cash Flow

Medtronic Plc.

MDT · 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 $3.5b $-188.0m $2.51
2017 $4.0b (13.8%) $2.5b (1434.6%) $2.92 (16.3%)
2018 $3.1b (-22.9%) $1.5b (-40.9%) $2.29 (-21.6%)
2019 $4.6b (49.2%) $4.5b (201.5%) $3.44 (50.2%)
2020 $4.8b (3.4%) $-3.8b (-185.0%) $3.57 (3.8%)
2021 $3.6b (-24.7%) $-5.6b (-46.3%) $2.68 (-24.9%)
2022 $5.0b (39.7%) $-2.5b (54.5%) $3.75 (39.9%)
2023 $3.8b (-25.4%) $-1.5b (41.8%) $2.83 (-24.5%)
2024 $3.7b (-2.2%) $-961.0m (34.8%) $2.77 (-2.1%)
2025 $4.7b (26.8%) $-1.2b (-23.0%) $3.63 (31.0%)
2026 $4.8b (3.0%) $-1.4b (-18.0%) $3.75 (3.3%)

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

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.