Discounted Cash Flow

Medirom Healthcare Technologies Inc. ADR

MRM · Based on 10 years of SEC filings · Converted from JPY to USD

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)
2019 $3.9b $111.1k $3.0k 0.0% $4.63
2020 $3.3b (-14.5%) $-3.5m (-3210.3%) $-2.5m (-85372.4%) -0.1% (-3737.7%) $-133.97 (-2993.5%)
2021 $5.4b (61.9%) $-6.4m (-83.8%) $-3.7m (-46.8%) -0.1% (-13.5%) $-203.13 (-51.6%)
2022 $7.0b (28.5%) $954.9k (115.0%) $-5.2m (-38.9%) 0.0% (111.7%) $30.54 (115.0%)
2023 $6.8b (-1.8%) $739.7k (-22.5%) $-4.1m (21.1%) 0.0% (-21.1%) $23.64 (-22.6%)
2024 $8.3b (21.5%) $953.6k (28.9%) $-8.6m (-111.2%) 0.0% (6.1%) $29.13 (23.2%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

SEC filings report in JPY. Values above are converted to USD for comparison with the US-listed share price.

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.