Discounted Cash Flow

Nordson Corp.

NDSN · 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 $1.8b $271.8m $270.3m 15.0% $4.76
2017 $2.1b (14.3%) $295.8m (8.8%) $278.1m (2.9%) 14.3% (-4.8%) $5.14 (8.0%)
2018 $2.3b (9.1%) $377.4m (27.6%) $414.8m (49.2%) 16.7% (17.0%) $6.51 (26.7%)
2019 $2.2b (-2.7%) $337.1m (-10.7%) $318.6m (-23.2%) 15.4% (-8.2%) $5.87 (-9.8%)
2020 $2.1b (-3.3%) $249.5m (-26.0%) $451.9m (41.8%) 11.8% (-23.4%) $4.32 (-26.4%)
2021 $2.4b (11.4%) $454.4m (82.1%) $507.6m (12.3%) 19.2% (63.5%) $7.82 (81.0%)
2022 $2.6b (9.7%) $513.1m (12.9%) $461.7m (-9.0%) 19.8% (3.0%) $8.90 (13.8%)
2023 $2.6b (1.5%) $487.5m (-5.0%) $606.7m (31.4%) 18.5% (-6.4%) $8.54 (-4.0%)
2024 $2.7b (2.3%) $467.3m (-4.1%) $491.8m (-18.9%) 17.4% (-6.3%) $8.17 (-4.3%)
2025 $2.8b (3.8%) $484.5m (3.7%) $661.1m (34.4%) 17.4% (-0.1%) $8.56 (4.8%)

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