Discounted Cash Flow

Sabra Health Care Reit, Inc. REIT

SBRA · 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 $260.5m $70.3m $169.4m 27.0% $0.92
2017 $405.6m (55.7%) $158.4m (125.4%) $130.7m (-22.8%) 39.0% (44.7%) $1.40 (52.2%)
2018 $623.4m (53.7%) $279.1m (76.2%) $353.2m (170.2%) 44.8% (14.7%) $1.51 (7.9%)
2019 $128.1m (-79.5%) $69.0m (-75.3%) $372.5m (5.4%) 53.9% (20.4%) $0.37 (-75.5%)
2020 $156.0m (21.9%) $138.4m (100.6%) $354.9m (-4.7%) 88.7% (64.6%) $0.67 (81.1%)
2021 $155.5m (-0.3%) $-113.3m (-181.8%) $356.4m (0.4%) -72.8% (-182.1%) $-0.52 (-177.6%)
2022 $186.7m (20.0%) $-77.6m (31.5%) $315.7m (-11.4%) -41.6% (42.9%) $-0.34 (34.6%)
2023 $236.2m (26.5%) $13.8m (117.7%) $13.8m (-95.6%) 5.8% (114.0%) $0.06 (117.6%)
2024 $284.6m (20.5%) $126.7m (821.1%) $310.5m (2157.5%) 44.5% (664.4%) $0.54 (800.0%)
2025 $356.9m (25.4%) $155.6m (22.8%) $348.6m (12.3%) 43.6% (-2.1%) $0.64 (18.5%)

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