Discounted Cash Flow

Pagseguro Digital Ltd. Foreign

PAGS · 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 $1.1b $127.2m $75.0m 11.2%
2017 $2.5b (121.7%) $478.8m (276.4%) $445.7m (494.4%) 19.0% (69.8%)
2018 $4.3b (71.8%) $909.3m (89.9%) $-1.8b (-509.4%) 21.0% (10.6%) $2.86
2019 $5.7b (31.7%) $1.4b (50.2%) $151.3m (108.3%) 23.9% (14.1%) $4.15 (45.1%)
2020 $6.8b (19.4%) $1.3b (-5.4%) $2.1b (1293.4%) 19.0% (-20.8%) $3.92 (-5.4%)
2021 $10.4b (53.3%) $1.2b (-9.7%) $640.0m (-69.6%) 11.2% (-41.1%) $3.53 (-10.0%)
2022 $15.3b (46.8%) $1.5b (29.0%) $3.3b (409.0%) 9.8% (-12.1%) $4.60 (30.3%)
2023 $15.9b (4.0%) $1.7b (9.9%) $3.6b (10.5%) 10.4% (5.7%) $5.14 (11.7%)
2024 $18.8b (17.9%) $2.1b (28.0%) $-4.2b (-216.7%) 11.3% (8.5%) $6.70 (30.3%)
2025 $0 (-100.0%) $2.1b (0.1%) $6.5b (255.3%)

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