Discounted Cash Flow

Sunrun Inc.

RUN · Based on 10 years of SEC filings

DCF estimate unavailable — No positive free cash flow in recent history — company has not generated positive FCF

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income
Dividends

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 $453.9m $91.7m $-163.1m 20.2% $0.90
2017 $529.7m (16.7%) $124.5m (35.8%) $-69.0m (57.7%) 23.5% (16.4%) $1.18 (31.1%)
2018 $760.0m (43.5%) $26.7m (-78.6%) $-67.4m (2.3%) 3.5% (-85.1%) $0.24 (-79.7%)
2019 $858.6m (13.0%) $26.3m (-1.2%) $-229.8m (-240.9%) 3.1% (-12.6%) $0.23 (-4.2%)
2020 $922.2m (7.4%) $-173.4m (-758.4%) $-321.1m (-39.7%) -18.8% (-713.0%) $-1.24 (-639.1%)
2021 $1.6b (74.6%) $-79.4m (54.2%) $-79.4m (75.3%) -4.9% (73.8%) $-0.39 (68.5%)
2022 $2.3b (44.2%) $173.4m (318.3%) $-867.0m (-991.6%) 7.5% (251.4%) $0.82 (310.3%)
2023 $2.3b (-2.7%) $-1.6b (-1025.4%) $-841.7m (2.9%) -71.0% (-1050.7%) $-7.41 (-1003.7%)
2024 $2.0b (-9.8%) $-2.8b (-77.4%) $-767.7m (8.8%) -139.7% (-96.7%) $-12.81 (-72.9%)
2025 $3.0b (45.1%) $449.9m (115.8%) $-423.2m (44.9%) 15.2% (110.9%) $1.96 (115.3%)

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

No positive free cash flow in recent history — company has not generated positive FCF

Once the company meets all DCF eligibility criteria (sufficient history, profitability, growth trends), an estimate will become available automatically. No action is needed.