Discounted Cash Flow

Ross Stores, Inc.

ROST · 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 $11.9b $1.0b $959.3m 8.5% $2.53
2017 $12.9b (7.8%) $1.1b (9.5%) $1.3b (31.4%) 8.7% (1.6%) $2.85 (12.6%)
2018 $14.1b (9.9%) $1.4b (21.9%) $1.3b (3.9%) 9.6% (11.0%) $3.58 (25.6%)
2019 $15.0b (6.0%) $1.6b (16.5%) $1.7b (26.2%) 10.6% (9.9%) $4.30 (20.1%)
2020 $16.0b (7.0%) $1.7b (4.6%) $1.6b (-2.2%) 10.4% (-2.3%) $4.63 (7.7%)
2021 $12.5b (-21.9%) $85.4m (-94.9%) $1.8b (13.9%) 0.7% (-93.4%) $0.24 (-94.8%)
2022 $18.9b (50.9%) $1.7b (1917.5%) $1.2b (-35.8%) 9.1% (1236.6%) $4.90 (1941.7%)
2023 $18.7b (-1.2%) $1.5b (-12.2%) $1.0b (-12.3%) 8.1% (-11.2%) $4.40 (-10.2%)
2024 $20.4b (9.0%) $1.9b (24.0%) $1.8b (69.2%) 9.2% (13.7%) $5.59 (27.0%)
2025 $21.1b (3.7%) $2.1b (11.5%) $1.6b (-6.6%) 9.9% (7.6%) $6.36 (13.8%)
2026 $22.8b (7.7%) $2.1b (2.6%) $2.2b (34.9%) 9.4% (-4.7%) $6.66 (4.7%)

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