Discounted Cash Flow

Quanta Services, Inc.

PWR · 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 $7.7b $1.7m $-213.6m 0.0% $1.26
2017 $9.5b (23.7%) $3.2m (89.3%) $-244.7m (-14.5%) 0.0% (53.0%) $2.02 (60.3%)
2018 $11.2b (18.0%) $2.7m (-18.0%) $-36.9m (84.9%) 0.0% (-30.6%) $1.92 (-5.0%)
2019 $12.1b (8.4%) $4.8m (79.3%) $479.5m (1399.1%) 0.0% (65.4%) $2.76 (43.7%)
2020 $11.2b (-7.5%) $6.4m (33.4%) $1.1b (129.6%) 0.1% (44.2%) $3.15 (14.1%)
2021 $13.0b (15.9%) $6.0m (-5.3%) $443.4m (-59.7%) 0.0% (-18.3%) $3.45 (9.5%)
2022 $17.1b (31.5%) $20.5m (239.4%) $1.1b (137.3%) 0.1% (158.0%) $3.42 (-0.9%)
2023 $20.9b (22.3%) $6.0m (-70.7%) $1.6b (49.1%) 0.0% (-76.0%) $5.13 (50.0%)
2024 $23.7b (13.4%) $22.5m (274.3%) $2.0b (27.5%) 0.1% (230.2%) $6.16 (20.1%)
2025 $28.5b (20.3%) $13.5m (-39.7%) $2.1b (4.1%) 0.0% (-49.9%) $6.91 (12.2%)

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