Discounted Cash Flow

Perma-pipe International Holdings, Inc.

PPIH · 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)
2017 $98.8m $-11.7m $-6.5m -11.8%
2018 $105.2m (6.5%) $-10.0m (14.6%) $-4.4m (32.6%) -9.5% (19.8%)
2019 $129.0m (22.5%) $-529.0k (94.7%) $3.6m (182.7%) -0.4% (95.7%)
2020 $127.7m (-1.0%) $3.6m (776.0%) $2.2m (-39.5%) 2.8% (782.9%)
2021 $84.7m (-33.7%) $-7.6m (-313.7%) $-1.8m (-182.2%) -9.0% (-422.1%)
2022 $138.6m (63.6%) $6.1m (179.3%) $-4.8m (-169.0%) 4.4% (148.5%)
2023 $142.6m (2.9%) $0 (-100.0%) $-8.2m (-69.9%) 0.0% (-100.0%)
2024 $150.7m (5.7%) $2.7m $3.6m (144.1%) 1.8%
2025 $158.4m (5.1%) $4.1m (49.9%) $11.1m (204.9%) 2.6% (42.6%)
2026 $210.9m (33.2%) $3.6m (-12.0%) $-1.3m (-111.5%) 1.7% (-33.9%)

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