Discounted Cash Flow

Synopsys Inc.

SNPS · 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 $2.4b $266.8m $519.7m 11.0% $1.76
2017 $2.7b (12.5%) $136.6m (-48.8%) $564.2m (8.6%) 5.0% (-54.5%) $0.91 (-48.3%)
2018 $3.1b (14.5%) $432.5m (216.7%) $325.3m (-42.4%) 13.9% (176.5%) $2.90 (218.7%)
2019 $3.4b (7.7%) $532.4m (23.1%) $602.4m (85.2%) 15.8% (14.3%) $3.55 (22.4%)
2020 $3.7b (9.7%) $664.3m (24.8%) $836.6m (38.9%) 18.0% (13.8%) $4.40 (23.9%)
2021 $4.2b (14.1%) $757.5m (14.0%) $1.4b (67.2%) 18.0% (-0.0%) $4.96 (12.7%)
2022 $5.1b (20.9%) $984.6m (30.0%) $1.6b (14.5%) 19.4% (7.5%) $6.44 (29.8%)
2023 $5.8b (15.0%) $1.2b (24.9%) $1.5b (-5.5%) 21.1% (8.6%) $8.08 (25.5%)
2024 $6.1b (4.9%) $2.3b (84.0%) $1.3b (-15.2%) 36.9% (75.5%) $14.78 (82.9%)
2025 $7.1b (15.1%) $1.3b (-41.1%) $1.3b (5.1%) 18.9% (-48.9%) $8.13 (-45.0%)

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