Discounted Cash Flow

Principal Financial Group Inc.

PFG · Based on 10 years of SEC filings

DCF estimate unavailable — no_upward_trend_net_income_yr1_1710600000.0_gte_yrN_1185100000.0_window_5

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 $12.4b $1.3b $3.9b 10.6% $4.55
2017 $14.1b (13.7%) $2.3b (75.5%) $4.2b (8.6%) 16.4% (54.3%) $8.00 (75.8%)
2018 $14.2b (1.0%) $1.5b (-33.1%) $5.2b (23.1%) 10.9% (-33.7%) $5.41 (-32.4%)
2019 $16.2b (13.9%) $1.4b (-9.8%) $5.5b (6.5%) 8.6% (-20.9%) $5.00 (-7.6%)
2020 $14.7b (-9.1%) $1.4b (0.1%) $3.7b (-31.9%) 9.5% (10.2%) $5.08 (1.6%)
2021 $14.3b (-3.2%) $1.7b (22.6%) $3.2b (-13.9%) 12.0% (26.7%) $6.36 (25.2%)
2022 $17.5b (22.6%) $4.8b (181.3%) $3.1b (-5.0%) 27.5% (129.4%) $19.16 (201.3%)
2023 $13.7b (-21.9%) $623.2m (-87.0%) $3.7b (20.7%) 4.6% (-83.4%) $2.58 (-86.5%)
2024 $16.1b (18.0%) $1.6b (152.1%) $4.5b (22.9%) 9.7% (113.6%) $6.77 (162.4%)
2025 $15.6b (-3.1%) $1.2b (-24.6%) $4.4b (-2.1%) 7.6% (-22.1%) $5.32 (-21.4%)

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

no_upward_trend_net_income_yr1_1710600000.0_gte_yrN_1185100000.0_window_5

Once the company meets all DCF eligibility criteria (sufficient history, profitability, growth trends), an estimate will become available automatically. No action is needed.