Discounted Cash Flow

Red Rock Resorts, Inc.

RRR · 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 $1.5b $92.0m $346.2m 6.3% $1.03
2017 $1.6b (11.2%) $35.2m (-61.8%) $289.1m (-16.5%) 2.2% (-65.6%) $0.52 (-49.5%)
2018 $1.7b (4.0%) $157.5m (348.2%) $346.0m (19.7%) 9.4% (330.7%) $2.28 (338.5%)
2019 $1.9b (10.4%) $-3.4m (-102.1%) $316.6m (-8.5%) -0.2% (-101.9%) $-0.05 (-102.2%)
2020 $1.2b (-36.3%) $-150.4m (-4388.1%) $212.8m (-32.8%) -12.7% (-6946.7%) $-2.13 (-4160.0%)
2021 $1.6b (36.8%) $241.8m (260.8%) $610.0m (186.7%) 14.9% (217.5%) $3.50 (264.3%)
2022 $1.7b (2.8%) $205.5m (-15.0%) $-19.1m (-103.1%) 12.3% (-17.4%) $3.48 (-0.6%)
2023 $1.7b (3.6%) $176.0m (-14.3%) $-207.3m (-984.0%) 10.2% (-17.3%) $3.04 (-12.6%)
2024 $1.9b (12.5%) $154.1m (-12.5%) $249.4m (220.3%) 7.9% (-22.2%) $2.61 (-14.1%)
2025 $2.0b (3.7%) $188.1m (22.1%) $288.9m (15.8%) 9.3% (17.7%) $3.19 (22.2%)

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