Discounted Cash Flow

Primoris Services Corp.

PRIM · 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 $2.0b $26.7m $4.5m 1.3% $0.52
2017 $2.4b (19.2%) $72.4m (170.8%) $109.2m (2299.1%) 3.0% (127.2%) $1.41 (171.2%)
2018 $2.9b (23.5%) $77.5m (7.1%) $16.6m (-84.8%) 2.6% (-13.3%) $1.51 (7.1%)
2019 $3.1b (5.7%) $82.3m (6.3%) $23.5m (41.3%) 2.7% (0.6%) $1.62 (7.3%)
2020 $3.5b (12.4%) $105.0m (27.5%) $247.6m (954.1%) 3.0% (13.4%) $2.17 (34.0%)
2021 $3.5b (0.2%) $115.6m (10.1%) $-54.1m (-121.9%) 3.3% (9.9%) $2.19 (0.9%)
2022 $4.4b (26.4%) $133.0m (15.1%) $-11.3m (79.0%) 3.0% (-9.0%) $2.50 (14.2%)
2023 $5.7b (29.3%) $126.1m (-5.2%) $95.5m (942.3%) 2.2% (-26.7%) $2.37 (-5.2%)
2024 $6.4b (11.4%) $180.9m (43.4%) $381.8m (299.5%) 2.8% (28.7%) $3.37 (42.2%)
2025 $7.6b (19.0%) $274.9m (52.0%) $340.5m (-10.8%) 3.6% (27.7%) $5.09 (51.0%)

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