Discounted Cash Flow

Roku, Inc.

ROKU · Based on 10 years of SEC filings

DCF estimate unavailable — only_2_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 $398.6m $-42.8m $-41.1m -10.7%
2017 $512.8m (28.6%) $-63.5m (-48.5%) $28.1m (168.3%) -12.4% (-15.5%)
2018 $742.5m (44.8%) $-8.9m (86.1%) $-4.4m (-115.7%) -1.2% (90.4%)
2019 $1.1b (52.0%) $-59.9m (-576.7%) $-63.5m (-1340.9%) -5.3% (-345.1%) $-0.52
2020 $1.8b (57.5%) $-17.5m (70.8%) $65.8m (203.7%) -1.0% (81.5%) $-0.14 (73.1%)
2021 $2.8b (55.5%) $242.4m (1484.5%) $188.0m (185.7%) 8.8% (990.6%) $1.83 (1407.1%)
2022 $3.1b (13.1%) $-498.0m (-305.5%) $-149.9m (-179.7%) -15.9% (-281.7%) $-3.62 (-297.8%)
2023 $3.5b (11.5%) $-709.6m (-42.5%) $173.2m (215.6%) -20.4% (-27.8%) $-5.01 (-38.4%)
2024 $4.1b (18.0%) $-129.4m (81.8%) $213.0m (22.9%) -3.1% (84.6%) $-0.89 (82.2%)
2025 $4.7b (15.2%) $88.4m (168.3%) $478.4m (124.6%) 1.9% (159.3%) $0.60 (167.4%)

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_2_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.