Discounted Cash Flow

Match Group, Inc.

MTCH · 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 $3.1b $-41.3m $266.1m -1.3% $-0.52
2017 $3.3b (5.3%) $304.9m (838.7%) $341.2m (28.2%) 9.2% (801.3%) $3.81 (832.7%)
2018 $4.3b (28.9%) $627.0m (105.6%) $902.5m (164.5%) 14.7% (59.5%) $7.52 (97.4%)
2019 $4.8b (11.6%) $431.1m (-31.2%) $801.3m (-11.2%) 9.1% (-38.4%) $5.12 (-31.9%)
2020 $2.4b (-49.7%) $128.6m (-70.2%) $-28.7m (-103.6%) 5.4% (-40.7%) $0.58 (-88.7%)
2021 $3.0b (24.8%) $277.7m (116.0%) $832.5m (2996.2%) 9.3% (73.2%) $1.01 (74.1%)
2022 $3.2b (6.9%) $361.9m (30.3%) $476.6m (-42.8%) 11.4% (21.9%) $1.28 (26.7%)
2023 $3.4b (5.5%) $651.5m (80.0%) $829.4m (74.0%) 19.4% (70.6%) $2.36 (84.4%)
2024 $3.5b (3.4%) $551.3m (-15.4%) $882.1m (6.4%) 15.8% (-18.2%) $2.12 (-10.2%)
2025 $3.5b (0.2%) $613.4m (11.3%) $1.0b (16.0%) 17.6% (11.0%) $2.53 (19.3%)

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