Discounted Cash Flow

MDU Resources Group Inc.

MDU · 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 $4.1b $63.7m $74.0m 1.5% $0.33
2017 $4.4b (7.6%) $280.4m (339.9%) $106.6m (44.0%) 6.3% (308.8%) $1.44 (336.4%)
2018 $4.5b (2.0%) $272.3m (-2.9%) $-68.3m (-164.1%) 6.0% (-4.8%) $1.39 (-3.5%)
2019 $5.3b (17.8%) $335.5m (23.2%) $-33.8m (50.6%) 6.3% (4.6%) $1.69 (21.6%)
2020 $5.5b (3.7%) $390.2m (16.3%) $210.4m (722.7%) 7.1% (12.2%) $1.95 (15.4%)
2021 $5.7b (2.7%) $378.1m (-3.1%) $-163.6m (-177.8%) 6.7% (-5.6%) $1.87 (-4.1%)
2022 $7.0b (22.8%) $367.5m (-2.8%) $-121.0m (26.1%) 5.3% (-20.8%) $1.81 (-3.2%)
2023 $4.7b (-33.2%) $414.7m (12.8%) $-178.8m (-47.8%) 8.9% (69.0%) $2.04 (12.7%)
2024 $1.8b (-62.3%) $281.1m (-32.2%) $-111.0m (37.9%) 16.0% (79.6%) $1.38 (-32.4%)
2025 $1.9b (6.7%) $190.4m (-32.3%) $-296.3m (-166.9%) 10.2% (-36.5%) $0.93 (-32.6%)

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.