Discounted Cash Flow

Marketwise, Inc.

MKTW · 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)
2019 $272.2m $28.0m $54.0m 10.3%
2020 $364.2m (33.8%) $-140.3k (-100.5%) $-882.4k (-101.6%) -0.0% (-100.4%) $-0.02
2021 $549.2m (50.8%) $-1.0b (-722247.4%) $63.5m (7293.4%) -184.5% (-478909.3%)
2022 $512.4m (-6.7%) $18.0m (101.8%) $48.3m (-23.8%) 3.5% (101.9%) $0.73
2023 $448.2m (-12.5%) $1.8m (-90.1%) $62.4m (29.0%) 0.4% (-88.7%) $0.06 (-91.8%)
2024 $408.7m (-8.8%) $7.1m (296.1%) $-22.3m (-135.7%) 1.7% (334.4%) $0.18 (200.0%)
2025 $328.1m (-19.7%) $5.6m (-20.4%) $45.6m (304.5%) 1.7% (-0.8%) $2.41 (1238.9%)

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