Discounted Cash Flow

Republic Services, Inc.

RSG · 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 $9.4b $612.6m $920.0m 6.5% $1.79
2017 $10.0b (7.0%) $1.3b (108.7%) $920.9m (0.1%) 12.7% (95.1%) $3.79 (111.7%)
2018 $10.0b (-0.0%) $1.0b (-18.9%) $1.2b (27.2%) 10.3% (-18.9%) $3.17 (-16.4%)
2019 $10.3b (2.6%) $1.1b (3.5%) $1.1b (-2.2%) 10.4% (0.9%) $3.34 (5.4%)
2020 $10.2b (-1.4%) $967.2m (-9.9%) $1.3b (11.5%) 9.5% (-8.6%) $3.03 (-9.3%)
2021 $11.3b (11.2%) $1.3b (33.4%) $1.5b (15.1%) 11.4% (19.9%) $4.05 (33.7%)
2022 $13.5b (19.6%) $1.5b (15.3%) $1.7b (18.1%) 11.0% (-3.6%) $4.70 (16.0%)
2023 $15.0b (10.8%) $1.7b (16.4%) $2.0b (14.4%) 11.6% (5.1%) $5.47 (16.4%)
2024 $16.0b (7.1%) $2.0b (18.0%) $2.1b (4.7%) 12.7% (10.2%) $6.50 (18.8%)
2025 $16.6b (3.5%) $2.1b (4.7%) $2.4b (15.8%) 12.9% (1.2%) $6.86 (5.5%)

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