Discounted Cash Flow

Spectrum Brands Holdings, Inc.

SPB · 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 $5.2b $-198.8m $908.1m -3.8% $-1.00
2017 $3.0b (-42.3%) $106.0m (153.3%) $840.1m (-7.5%) 3.5% (192.4%) $0.53 (153.0%)
2018 $3.8b (26.5%) $768.3m (624.8%) $267.4m (-68.2%) 20.2% (472.9%) $20.79 (3822.6%)
2019 $3.8b (-0.2%) $471.9m (-38.6%) $-57.3m (-121.4%) 12.4% (-38.5%) $9.31 (-55.2%)
2020 $4.0b (4.3%) $97.8m (-79.3%) $229.3m (500.2%) 2.5% (-80.1%) $2.19 (-76.5%)
2021 $3.0b (-24.4%) $189.6m (93.9%) $244.8m (6.8%) 6.3% (156.3%) $4.44 (102.7%)
2022 $3.1b (4.5%) $71.6m (-62.2%) $-295.5m (-220.7%) 2.3% (-63.9%) $1.75 (-60.6%)
2023 $2.9b (-6.8%) $1.8b (2416.1%) $-51.0m (82.7%) 61.7% (2600.3%) $45.65 (2508.6%)
2024 $3.0b (1.5%) $124.8m (-93.1%) $225.8m (542.7%) 4.2% (-93.2%) $4.12 (-91.0%)
2025 $2.8b (-5.2%) $99.9m (-20.0%) $165.8m (-26.6%) 3.6% (-15.5%) $3.88 (-5.8%)

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