Discounted Cash Flow

Palantir Technologies Inc.

PLTR · 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)
2018 $595.4m $-580.0m $-12.6m -97.4% $-1.11
2019 $742.6m (24.7%) $-579.6m (0.1%) $-10.3m (17.9%) -78.1% (19.9%) $-1.02 (8.1%)
2020 $1.1b (47.2%) $-1.2b (-101.2%) $-7.8m (24.3%) -106.7% (-36.7%) $-1.19 (-16.7%)
2021 $1.5b (41.1%) $-520.4m (55.4%) $-9.9m (-26.7%) -33.7% (68.4%) $-0.27 (77.3%)
2022 $1.9b (23.6%) $-373.7m (28.2%) $-33.4m (-236.7%) -19.6% (41.9%) $-0.18 (33.3%)
2023 $2.2b (16.7%) $209.8m (156.1%) $-44.6m (-33.6%) 9.4% (148.1%) $0.10 (155.6%)
2024 $2.9b (28.8%) $462.2m (120.3%) $12.2m (127.3%) 16.1% (71.0%) $0.21 (110.0%)
2025 $4.5b (56.2%) $1.6b (251.6%) $-18.3m (-250.1%) 36.3% (125.1%) $0.69 (228.6%)

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