Discounted Cash Flow

RELIANCE Inc.

RS · 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 $8.6b $304.3m $471.6m 3.5% $4.21
2017 $9.7b (12.9%) $613.4m (101.6%) $237.4m (-49.7%) 6.3% (78.6%) $8.42 (100.0%)
2018 $11.5b (18.7%) $633.7m (3.3%) $424.7m (78.9%) 5.5% (-12.9%) $8.85 (5.1%)
2019 $11.0b (-4.9%) $701.5m (10.7%) $1.1b (149.4%) 6.4% (16.4%) $10.49 (18.5%)
2020 $8.8b (-19.7%) $369.1m (-47.4%) $1.0b (-5.5%) 4.2% (-34.5%) $5.74 (-45.3%)
2021 $14.1b (59.9%) $1.4b (282.8%) $562.8m (-43.8%) 10.0% (139.4%) $22.35 (289.4%)
2022 $17.0b (20.8%) $1.8b (30.2%) $1.8b (215.7%) 10.8% (7.8%) $30.39 (36.0%)
2023 $14.8b (-13.0%) $1.3b (-27.4%) $1.2b (-32.3%) 9.0% (-16.5%) $22.90 (-24.6%)
2024 $13.8b (-6.6%) $875.2m (-34.5%) $999.2m (-16.9%) 6.3% (-29.9%) $15.70 (-31.4%)
2025 $14.3b (3.3%) $739.4m (-15.5%) $502.5m (-49.7%) 5.2% (-18.2%) $14.07 (-10.4%)

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