Discounted Cash Flow

Sanofi ADR

SNY · 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 $34.7b $4.7b $-5.0b 13.6% $3.66
2017 $36.2b (4.3%) $8.4b (79.1%) $5.2b (204.3%) 23.3% (71.7%) $6.71 (83.3%)
2018 $35.7b (-1.5%) $4.3b (-48.9%) $4.4b (-14.8%) 12.1% (-48.2%) $3.45 (-48.6%)
2019 $37.6b (5.5%) $2.8b (-34.8%) $7.7b (74.0%) 7.5% (-38.2%) $2.24 (-35.1%)
2020 $37.4b (-0.7%) $12.3b (338.8%) $6.6b (-14.3%) 33.0% (341.9%) $9.82 (338.4%)
2021 $39.2b (4.8%) $6.2b (-49.5%) $10.1b (53.0%) 15.9% (-51.8%) $4.97 (-49.4%)
2022 $45.4b (15.9%) $8.4b (34.5%) $9.1b (-9.9%) 18.4% (16.1%) $6.69 (34.6%)
2023 $46.4b (2.3%) $5.4b (-35.5%) $8.7b (-5.1%) 11.6% (-37.0%) $4.31 (-35.6%)
2024 $44.3b (-4.6%) $5.6b (3.0%) $8.3b (-4.3%) 12.6% (8.0%) $4.44 (3.0%)
2025 $46.7b (5.5%) $7.8b (40.5%) $5.5b (-33.4%) 16.7% (33.2%) $6.40 (44.1%)

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