Discounted Cash Flow

Miller Industries Inc. /Tn/

MLR · 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 $601.1m $19.9m $-4.1m 3.3% $1.76
2017 $615.1m (2.3%) $23.0m (15.5%) $-10.7m (-162.0%) 3.7% (12.9%) $2.02 (14.8%)
2018 $711.7m (15.7%) $33.7m (46.6%) $8.6m (179.7%) 4.7% (26.7%) $2.96 (46.5%)
2019 $818.2m (15.0%) $39.1m (15.9%) $17.7m (107.4%) 4.8% (0.8%) $3.43 (15.9%)
2020 $651.3m (-20.4%) $29.8m (-23.7%) $43.2m (143.6%) 4.6% (-4.2%) $2.62 (-23.6%)
2021 $717.5m (10.2%) $16.3m (-45.5%) $6.1m (-85.8%) 2.3% (-50.5%) $1.42 (-45.8%)
2022 $848.5m (18.3%) $20.3m (25.2%) $-48.1m (-886.1%) 2.4% (5.8%) $1.78 (25.4%)
2023 $1.2b (35.9%) $58.3m (186.5%) $-1.1m (97.6%) 5.1% (110.8%) $5.10 (186.5%)
2024 $1.3b (9.0%) $63.5m (8.9%) $1.5m (233.9%) 5.0% (-0.1%) $5.55 (8.8%)
2025 $790.3m (-37.2%) $23.0m (-63.8%) $85.0m (5500.3%) 2.9% (-42.3%) $2.01 (-63.8%)

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