Discounted Cash Flow

Polaris Inc.

PII · Based on 10 years of SEC filings

DCF estimate unavailable — loss_in_2025

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 $4.5b $212.9m $362.6m 4.7% $3.31
2017 $5.4b (20.2%) $172.5m (-19.0%) $395.6m (9.1%) 3.2% (-32.6%) $2.74 (-17.2%)
2018 $6.1b (12.0%) $335.3m (94.4%) $251.7m (-36.4%) 5.5% (73.6%) $5.36 (95.6%)
2019 $6.8b (11.6%) $324.0m (-3.4%) $403.7m (60.4%) 4.8% (-13.4%) $5.27 (-1.7%)
2020 $7.0b (3.6%) $124.8m (-61.5%) $804.7m (99.3%) 1.8% (-62.8%) $2.02 (-61.7%)
2021 $8.2b (16.7%) $493.9m (295.8%) $-4.6m (-100.6%) 6.0% (239.3%) $8.06 (299.0%)
2022 $8.6b (4.8%) $447.1m (-9.5%) $202.0m (4491.3%) 5.2% (-13.6%) $7.54 (-6.5%)
2023 $8.9b (4.0%) $502.8m (12.5%) $513.2m (154.1%) 5.6% (8.1%) $8.80 (16.7%)
2024 $7.2b (-19.7%) $110.8m (-78.0%) $6.5m (-98.7%) 1.5% (-72.6%) $1.96 (-77.7%)
2025 $7.2b (-0.3%) $-465.5m (-520.1%) $558.1m (8486.2%) -6.5% (-521.5%) $-8.18 (-517.3%)

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

loss_in_2025

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