Discounted Cash Flow

Quad/Graphics, Inc.

QUAD · Based on 10 years of SEC filings

DCF estimate unavailable — only_6_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 $4.3b $44.9m $246.4m 1.0% $0.94
2017 $4.1b (-4.6%) $107.2m (138.8%) $258.1m (4.7%) 2.6% (150.2%) $2.16 (129.8%)
2018 $4.2b (1.5%) $8.5m (-92.1%) $164.3m (-36.3%) 0.2% (-92.2%) $0.17 (-92.1%)
2019 $3.9b (-6.4%) $-156.3m (-1938.8%) $44.5m (-72.9%) -4.0% (-2065.5%) $-3.12 (-1935.3%)
2020 $2.9b (-25.3%) $-128.3m (17.9%) $129.2m (190.3%) -4.4% (-9.9%) $-2.53 (18.9%)
2021 $3.0b (1.1%) $37.8m (129.5%) $86.5m (-33.0%) 1.3% (129.2%) $0.74 (129.2%)
2022 $3.2b (8.7%) $9.3m (-75.4%) $94.3m (9.0%) 0.3% (-77.4%) $0.18 (-75.7%)
2023 $3.0b (-8.1%) $-55.4m (-695.7%) $76.8m (-18.6%) -1.9% (-747.9%) $-1.14 (-733.3%)
2024 $2.7b (-9.7%) $-50.9m (8.1%) $55.7m (-27.5%) -1.9% (-1.7%) $-1.07 (6.1%)
2025 $2.4b (-9.4%) $27.0m (153.0%) $50.7m (-9.0%) 1.1% (158.6%) $0.57 (153.3%)

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_6_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.