Discounted Cash Flow

Phibro Animal Health Corp.

PAHC · 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 $751.5m $82.7m $866.0k 11.0% $2.11
2017 $764.3m (1.7%) $64.6m (-21.9%) $77.5m (8849.8%) 8.5% (-23.2%) $1.63 (-22.7%)
2018 $820.0m (7.3%) $64.9m (0.4%) $51.5m (-33.6%) 7.9% (-6.4%) $1.61 (-1.2%)
2019 $828.0m (1.0%) $54.7m (-15.7%) $17.3m (-66.4%) 6.6% (-16.5%) $1.35 (-16.1%)
2020 $800.4m (-3.3%) $33.6m (-38.7%) $25.3m (46.4%) 4.2% (-36.6%) $0.83 (-38.5%)
2021 $833.4m (4.1%) $54.4m (62.1%) $19.0m (-25.0%) 6.5% (55.7%) $1.34 (61.4%)
2022 $942.3m (13.1%) $49.2m (-9.6%) $-5.4m (-128.4%) 5.2% (-20.0%) $1.21 (-9.7%)
2023 $977.9m (3.8%) $32.6m (-33.7%) $-38.5m (-613.3%) 3.3% (-36.1%) $0.81 (-33.1%)
2024 $1.0b (4.1%) $2.4m (-92.6%) $46.4m (220.5%) 0.2% (-92.9%) $0.06 (-92.6%)
2025 $1.3b (27.4%) $48.3m (1897.7%) $41.8m (-9.8%) 3.7% (1468.4%) $1.19 (1883.3%)

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