Discounted Cash Flow
Marcus & Millichap, Inc.
—
—
Average annual growth rates
| Metric | 10-Year | 5-Year | 3-Year |
|---|---|---|---|
| Sales | — | — | — |
| Free Cash Flow | — | — | — |
| Average (FCF & NI) | — | — | — |
| Net Income | — | — | — |
Endpoint CAGR (better for long term trend)
| Metric | 10-Year | 5-Year | 3-Year |
|---|---|---|---|
| Sales | — | — | — |
| Free Cash Flow | — | — | — |
| Average (FCF & NI) | — | — | — |
| Net Income | — | — | — |
Projected growth rate
—
—
%
%
Historical inputs (10 fiscal years)
| YEAR | Sales | Net Income | Free Cash Flow | Net Margin | EPS (diluted) |
|---|---|---|---|---|---|
| 2016 | $717.5m | $64.7m | $65.0m | 9.0% | $1.66 |
| 2017 | $719.7m (0.3%) | $51.5m (-20.3%) | $60.0m (-7.7%) | 7.2% (-20.6%) | $1.32 (-20.5%) |
| 2018 | $814.8m (13.2%) | $87.3m (69.4%) | $109.2m (82.1%) | 10.7% (49.6%) | $2.23 (68.9%) |
| 2019 | $806.4m (-1.0%) | $76.9m (-11.8%) | $16.5m (-84.9%) | 9.5% (-10.9%) | $1.95 (-12.6%) |
| 2020 | $716.9m (-11.1%) | $42.8m (-44.3%) | $31.1m (89.0%) | 6.0% (-37.4%) | $1.08 (-44.6%) |
| 2021 | $1.3b (80.8%) | $142.5m (232.6%) | $249.0m (699.7%) | 11.0% (83.9%) | $3.57 (230.6%) |
| 2022 | $1.3b (0.4%) | $104.2m (-26.8%) | $2.0m (-99.2%) | 8.0% (-27.1%) | $2.61 (-26.9%) |
| 2023 | $645.9m (-50.4%) | $-34.0m (-132.7%) | $-81.8m (-4267.1%) | -5.3% (-165.8%) | $-0.88 (-133.7%) |
| 2024 | $696.1m (7.8%) | $-12.4m (63.7%) | $13.8m (116.9%) | -1.8% (66.3%) | $-0.32 (63.6%) |
| 2025 | $755.2m (8.5%) | $-1.9m (84.6%) | $58.8m (324.7%) | -0.3% (85.8%) | $-0.05 (84.4%) |
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): —
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.