Discounted Cash Flow

Mereo Biopharma Group Plc. ADR

MREO · Based on 10 years of SEC filings

DCF estimate unavailable — No positive free cash flow in recent history — company has not generated positive FCF

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income
Dividends

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)
2017 $-38.8m $-32.2m $-0.56
2018 $-32.0m (17.4%) $-23.2m (28.0%) $-0.45 (19.6%)
2019 $-34.8m (-8.8%) $-47.5m (-105.0%) $-0.39 (13.3%)
2020 $-163.6m (-369.6%) $-29.9m (37.0%) $-0.48 (-23.1%)
2021 $36.5m $12.7m (107.8%) $-5.9m (80.4%) 34.9% $0.02 (104.2%)
2022 $0 (-100.0%) $-34.2m (-368.7%) $-39.5m (-572.5%) $-0.06 (-400.0%)
2023 $10.0m $-29.5m (13.8%) $-21.1m (46.6%) -294.7% $-0.04 (33.3%)
2024 $1.7m (-83.3%) $-43.3m (-46.8%) $-33.5m (-58.7%) -2588.5% (-778.5%) $-0.06 (-50.0%)
2025 $1.9m (14.8%) $-41.9m (3.2%) $-31.0m (7.6%) -2183.4% (15.6%) $-0.05 (16.7%)

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

No positive free cash flow in recent history — company has not generated positive FCF

Once the company meets all DCF eligibility criteria (sufficient history, profitability, growth trends), an estimate will become available automatically. No action is needed.