Discounted Cash Flow

Rogers Communications Inc. Foreign

RCI · 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 $13.7b $1.2b $1.6b 8.5% $1.62
2017 $14.1b (3.2%) $2.3b (102.4%) $1.5b (-6.4%) 16.6% (96.1%) $3.32 (104.9%)
2018 $15.1b (6.7%) $2.8b (20.1%) $1.5b (-0.3%) 18.7% (12.5%) $4.00 (20.5%)
2019 $15.1b (-0.2%) $2.8b (-2.2%) $3.9b (158.4%) 18.3% (-2.1%) $3.99 (-0.2%)
2020 $13.9b (-7.7%) $2.2b (-21.2%) $4.3b (11.6%) 15.6% (-14.6%) $3.15 (-21.1%)
2021 $14.7b (5.3%) $2.1b (-2.1%) $1.4b (-68.2%) 14.5% (-7.0%) $3.09 (-1.9%)
2022 $15.4b (5.1%) $2.3b (7.6%) $1.4b (3.3%) 14.9% (2.4%) $3.33 (7.8%)
2023 $19.3b (25.4%) $1.4b (-40.3%) $1.3b (-9.2%) 7.1% (-52.4%) $1.62 (-51.4%)
2024 $20.6b (6.7%) $2.3b (68.8%) $1.6b (27.4%) 11.2% (58.2%) $3.25 (100.6%)
2025 $21.7b (5.4%) $6.9b (199.0%) $2.4b (43.5%) 31.8% (183.7%) $12.77 (292.9%)

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