Discounted Cash Flow

Nice Ltd. ADR

NICE · 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 $1.0b $116.9m $193.1m 11.5% $1.96
2017 $1.3b (31.2%) $143.3m (22.6%) $354.8m (83.8%) 10.8% (-6.6%) $2.37 (20.9%)
2018 $1.4b (8.4%) $159.3m (11.2%) $365.2m (2.9%) 11.0% (2.5%) $2.60 (9.7%)
2019 $1.6b (9.0%) $185.9m (16.7%) $346.9m (-5.0%) 11.8% (7.1%) $2.99 (15.0%)
2020 $1.6b (4.7%) $196.7m (5.8%) $456.1m (31.5%) 11.9% (1.0%) $3.13 (4.7%)
2021 $1.9b (16.6%) $199.6m (1.5%) $437.0m (-4.2%) 10.4% (-13.0%) $3.15 (0.6%)
2022 $2.2b (13.5%) $265.1m (32.8%) $447.8m (2.5%) 12.2% (17.0%) $4.17 (32.4%)
2023 $2.4b (9.0%) $336.5m (26.9%) $532.2m (18.8%) 14.2% (16.5%) $5.32 (27.6%)
2024 $2.7b (15.0%) $439.5m (30.6%) $797.7m (49.9%) 16.1% (13.5%) $6.97 (31.0%)
2025 $2.9b (7.7%) $612.1m (39.3%) $697.6m (-12.5%) 20.8% (29.3%) $9.82 (40.9%)

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