Discounted Cash Flow

Monster Beverage Corp.

MNST · 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 $3.0b $712.7m $601.5m 23.4%
2017 $3.4b (10.5%) $820.7m (15.2%) $904.3m (50.3%) 24.4% (4.2%)
2018 $3.8b (13.0%) $993.0m (21.0%) $1.1b (21.6%) 26.1% (7.1%)
2019 $4.2b (10.3%) $1.1b (11.6%) $1.0b (-8.0%) 26.4% (1.1%)
2020 $4.6b (9.5%) $1.4b (27.2%) $1.3b (30.0%) 30.7% (16.2%)
2021 $5.5b (20.5%) $1.4b (-2.3%) $1.1b (-15.5%) 24.9% (-18.9%)
2022 $6.3b (13.9%) $1.2b (-13.5%) $699.0m (-37.1%) 18.9% (-24.0%)
2023 $7.1b (13.1%) $1.6b (36.9%) $1.5b (114.1%) 22.8% (21.0%)
2024 $7.5b (4.9%) $1.5b (-7.5%) $1.7b (11.2%) 20.1% (-11.8%)
2025 $8.3b (10.7%) $1.9b (26.3%) $2.0b (18.1%) 23.0% (14.1%)

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