Discounted Cash Flow

Monolithic Power Systems Inc.

MPWR · 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 $388.7m $52.7m $70.7m 13.6% $1.30
2017 $470.9m (21.2%) $65.2m (23.7%) $68.0m (-3.7%) 13.8% (2.1%) $1.58 (21.5%)
2018 $582.4m (23.7%) $105.3m (61.4%) $118.9m (74.8%) 18.1% (30.5%) $2.49 (57.6%)
2019 $627.9m (7.8%) $108.8m (3.4%) $120.5m (1.3%) 17.3% (-4.1%) $2.52 (1.2%)
2020 $844.5m (34.5%) $164.4m (51.0%) $212.2m (76.1%) 19.5% (12.3%) $3.67 (45.6%)
2021 $1.2b (43.0%) $242.0m (47.2%) $225.6m (6.3%) 20.0% (2.9%) $5.28 (43.9%)
2022 $1.8b (48.5%) $437.7m (80.8%) $187.8m (-16.7%) 24.4% (21.7%) $9.37 (77.5%)
2023 $1.8b (1.5%) $427.4m (-2.4%) $580.6m (209.1%) 23.5% (-3.8%) $8.98 (-4.2%)
2024 $2.2b (21.2%) $1.8b (318.1%) $642.3m (10.6%) 81.0% (244.9%) $36.76 (309.4%)
2025 $2.8b (26.4%) $621.5m (-65.2%) $666.2m (3.7%) 22.3% (-72.5%) $12.94 (-64.8%)

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