Discounted Cash Flow

PVH Corp. /De/

PVH · 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 $8.2b $549.0m $708.2m 6.7% $6.84
2018 $8.9b (8.7%) $537.8m (-2.0%) $341.7m (-51.8%) 6.0% (-9.9%) $6.93 (1.3%)
2019 $9.7b (8.3%) $746.4m (38.8%) $473.0m (38.4%) 7.7% (28.1%) $9.75 (40.7%)
2020 $9.9b (2.6%) $417.3m (-44.1%) $675.1m (42.7%) 4.2% (-45.5%) $5.63 (-42.3%)
2021 $7.1b (-28.0%) $-1.1b (-372.3%) $471.1m (-30.2%) -15.9% (-478.2%) $-15.96 (-383.5%)
2022 $9.2b (28.4%) $952.3m (183.8%) $803.3m (70.5%) 10.4% (165.3%) $13.45 (184.3%)
2023 $9.0b (-1.4%) $200.4m (-79.0%) $-250.9m (-131.2%) 2.2% (-78.7%) $3.05 (-77.3%)
2024 $9.2b (2.1%) $663.6m (231.1%) $724.7m (388.8%) 7.2% (224.2%) $10.88 (256.7%)
2025 $8.7b (-6.1%) $598.5m (-9.8%) $582.2m (-19.7%) 6.9% (-3.9%) $10.69 (-1.7%)
2026 $9.0b (3.4%) $25.3m (-95.8%) $538.4m (-7.5%) 0.3% (-95.9%) $0.53 (-95.0%)

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