Discounted Cash Flow

Otter Tail Corp.

OTTR · 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 $803.5m $62.3m $2.1m 7.8% $1.62
2017 $849.4m (5.7%) $72.4m (16.2%) $40.7m (1811.8%) 8.5% (10.0%) $1.84 (13.6%)
2018 $916.4m (7.9%) $82.3m (13.7%) $38.0m (-6.5%) 9.0% (5.4%) $2.08 (13.0%)
2019 $919.5m (0.3%) $86.8m (5.5%) $-22.3m (-158.7%) 9.4% (5.1%) $2.19 (5.3%)
2020 $890.1m (-3.2%) $95.9m (10.4%) $-159.6m (-614.9%) 10.8% (14.0%) $2.35 (7.3%)
2021 $1.2b (34.5%) $176.8m (84.4%) $59.4m (137.2%) 14.8% (37.1%) $4.26 (81.3%)
2022 $1.5b (22.7%) $284.2m (60.8%) $218.2m (267.2%) 19.3% (31.0%) $6.83 (60.3%)
2023 $1.4b (-7.9%) $294.2m (3.5%) $117.4m (-46.2%) 21.7% (12.4%) $7.06 (3.4%)
2024 $1.3b (-1.7%) $301.7m (2.5%) $94.1m (-19.8%) 22.7% (4.3%) $7.22 (2.3%)
2025 $1.3b (-2.0%) $275.9m (-8.5%) $97.9m (4.1%) 21.2% (-6.7%) $6.59 (-8.7%)

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