Discounted Cash Flow

Q2 Holdings, Inc.

QTWO · Based on 10 years of SEC filings

DCF estimate unavailable — only_1_profitable_out_of_10

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 $150.2m $-36.4m $-11.0m -24.2% $-0.92
2017 $194.0m (29.1%) $-26.2m (28.0%) $-2.8m (74.0%) -13.5% (44.3%) $-0.63 (31.5%)
2018 $241.1m (24.3%) $-35.4m (-35.3%) $-8.7m (-205.7%) -14.7% (-8.8%) $-0.83 (-31.7%)
2019 $315.5m (30.9%) $-70.9m (-100.2%) $-13.3m (-53.0%) -22.5% (-53.0%) $-1.53 (-84.3%)
2020 $402.8m (27.7%) $-137.6m (-94.2%) $-26.6m (-100.1%) -34.2% (-52.1%) $-2.65 (-73.2%)
2021 $498.7m (23.8%) $-112.7m (18.1%) $11.2m (142.0%) -22.6% (33.8%) $-2.00 (24.5%)
2022 $565.7m (13.4%) $-109.0m (3.3%) $25.4m (127.5%) -19.3% (14.8%) $-1.90 (5.0%)
2023 $624.6m (10.4%) $-65.4m (40.0%) $64.6m (154.3%) -10.5% (45.7%) $-1.12 (41.1%)
2024 $696.5m (11.5%) $-38.5m (41.1%) $129.1m (99.7%) -5.5% (47.1%) $-0.64 (42.9%)
2025 $794.8m (14.1%) $52.0m (235.0%) $194.7m (50.8%) 6.5% (218.3%) $0.84 (231.2%)

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

only_1_profitable_out_of_10

Once the company meets all DCF eligibility criteria (sufficient history, profitability, growth trends), an estimate will become available automatically. No action is needed.