Discounted Cash Flow

Snap-on Inc.

SNA · 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)
2017 $3.7b $557.7m $526.5m 15.1% $9.72
2018 $3.7b (0.9%) $679.9m (21.9%) $673.6m (27.9%) 18.3% (20.8%) $12.08 (24.3%)
2019 $3.7b (-0.3%) $693.5m (2.0%) $575.2m (-14.6%) 18.7% (2.3%) $12.59 (4.2%)
2020 $3.6b (-3.7%) $627.0m (-9.6%) $1.0b (75.3%) 17.6% (-6.1%) $11.55 (-8.3%)
2021 $3.9b (10.4%) $627.0m (0.0%) $943.0m (-6.5%) 15.9% (-9.5%) $11.55 (0.0%)
2022 $4.5b (13.4%) $820.5m (30.9%) $896.5m (-4.9%) 18.4% (15.4%) $17.14 (48.4%)
2023 $4.7b (5.2%) $1.0b (23.2%) $1.1b (18.1%) 21.5% (17.1%) $19.11 (11.5%)
2024 $4.7b (-0.5%) $1.0b (3.2%) $1.1b (7.1%) 22.3% (3.8%) $19.85 (3.9%)
2025 $4.7b (0.7%) $1.0b (-2.6%) $1.0b (-11.3%) 21.6% (-3.2%) $19.52 (-1.7%)
2026 $5.2b (9.5%) $1.0b (0.0%) $1.0b (0.0%) 19.7% (-8.7%) $19.52 (0.0%)

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