Discounted Cash Flow

Steris Plc.

STE · 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)
2018 $2.6b $290.9m $292.2m 11.1% $3.42
2019 $2.8b (6.2%) $304.1m (4.5%) $349.8m (19.7%) 10.9% (-1.6%) $3.59 (5.0%)
2020 $3.0b (8.9%) $407.6m (34.1%) $376.0m (7.5%) 13.4% (23.1%) $4.81 (34.0%)
2021 $3.1b (2.5%) $397.4m (-2.5%) $450.4m (19.8%) 12.8% (-4.9%) $4.66 (-3.1%)
2022 $4.6b (47.5%) $243.9m (-38.6%) $397.2m (-11.8%) 5.3% (-58.4%) $2.50 (-46.4%)
2023 $5.0b (8.1%) $107.0m (-56.1%) $395.0m (-0.6%) 2.2% (-59.4%) $1.07 (-57.2%)
2024 $5.1b (3.6%) $378.2m (253.4%) $612.9m (55.2%) 7.4% (241.0%) $3.83 (257.9%)
2025 $5.5b (6.2%) $614.6m (62.5%) $778.0m (26.9%) 11.3% (53.0%) $6.24 (62.9%)
2026 $5.9b (8.7%) $782.3m (27.3%) $972.4m (25.0%) 13.2% (17.1%) $7.97 (27.7%)

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