Discounted Cash Flow

NOV Inc.

NOV · 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 $7.3b $-2.4b $676.0m -33.3% $-6.41
2017 $7.3b (0.7%) $-237.0m (90.2%) $640.0m (-5.3%) -3.2% (90.2%) $-0.63 (90.2%)
2018 $8.5b (15.7%) $-31.0m (86.9%) $277.0m (-56.7%) -0.4% (88.7%) $-0.08 (87.3%)
2019 $8.5b (0.3%) $-6.1b (-19561.3%) $481.0m (73.6%) -71.9% (-19501.0%) $-15.96 (-19850.0%)
2020 $6.1b (-28.2%) $-2.5b (58.3%) $700.0m (45.5%) -41.7% (41.9%) $-6.62 (58.5%)
2021 $5.5b (-9.3%) $-250.0m (90.2%) $90.0m (-87.1%) -4.5% (89.2%) $-0.65 (90.2%)
2022 $7.2b (31.0%) $155.0m (162.0%) $-393.0m (-536.7%) 2.1% (147.3%) $0.40 (161.5%)
2023 $8.6b (18.6%) $993.0m (540.6%) $-140.0m (64.4%) 11.6% (440.2%) $2.53 (532.5%)
2024 $8.9b (3.3%) $635.0m (-36.1%) $953.0m (780.7%) 7.2% (-38.1%) $1.62 (-36.0%)
2025 $8.7b (-1.4%) $145.0m (-77.2%) $876.0m (-8.1%) 1.7% (-76.8%) $0.39 (-75.9%)

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