Discounted Cash Flow

Okta, Inc.

OKTA · 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)
2018 $256.5m $-109.8m $-31.8m -42.8%
2019 $399.3m (55.6%) $-125.5m (-14.2%) $-4.6m (85.4%) -31.4% (26.6%)
2020 $586.1m (46.8%) $-208.9m (-66.5%) $40.2m (965.7%) -35.6% (-13.4%) $-1.78
2021 $835.4m (42.5%) $-266.3m (-27.5%) $114.9m (186.0%) -31.9% (10.6%) $-2.09 (-17.4%)
2022 $1.3b (55.6%) $-848.4m (-218.6%) $91.8m (-20.1%) -65.3% (-104.7%) $-5.73 (-174.2%)
2023 $1.9b (42.9%) $-815.0m (3.9%) $74.0m (-19.4%) -43.9% (32.8%) $-5.16 (9.9%)
2024 $2.3b (21.8%) $-355.0m (56.4%) $504.0m (581.1%) -15.7% (64.2%) $-2.17 (57.9%)
2025 $2.6b (15.3%) $28.0m (107.9%) $28.0m (-94.4%) 1.1% (106.8%) $0.16 (107.4%)
2026 $2.9b (11.8%) $235.0m (739.3%) $875.0m (3025.0%) 8.1% (650.4%) $1.33 (731.3%)

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