Discounted Cash Flow

Pampa Energy Inc. ADR

PAM · 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 $25.1b $-11.0m $12.3b -0.0% $1.66
2017 $50.3b (100.5%) $4.6b (41972.7%) $16.6b (35.1%) 9.1% (20983.6%) $5.58 (236.8%)
2018 $110.1b (118.6%) $8.4b (83.1%) $22.9b (37.8%) 7.7% (-16.2%) $4.31 (-22.8%)
2019 $2.8b (-97.4%) $692.0m (-91.8%) $802.0m (-96.5%) 24.4% (218.4%) $14.42 (234.9%)
2020 $1.1b (-62.2%) $-367.0m (-153.0%) $693.0m (-13.6%) -34.3% (-240.4%) $-9.18 (-163.7%)
2021 $1.5b (40.8%) $273.0m (174.4%) $729.0m (5.2%) 18.1% (152.8%) $0.19 (102.1%)
2022 $1.8b (21.3%) $456.0m (67.0%) $172.0m (-76.4%) 24.9% (37.7%) $0.33 (73.7%)
2023 $1.7b (-5.3%) $302.0m (-33.8%) $-183.0m (-206.4%) 17.4% (-30.1%) $0.22 (-33.3%)
2024 $1.9b (8.3%) $619.0m (105.0%) $-12.0m (93.4%) 33.0% (89.2%) $0.46 (109.1%)
2025 $2.0b (6.5%) $377.0m (-39.1%) $-215.0m (-1691.7%) 18.9% (-42.8%) $0.28 (-39.1%)

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