Discounted Cash Flow

Sterling Infrastructure, Inc.

STRL · 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 $690.1m $-9.2m $33.6m -1.3% $-0.40
2017 $958.0m (38.8%) $11.6m (225.8%) $13.6m (-59.6%) 1.2% (190.6%) $0.44 (210.0%)
2018 $1.0b (8.3%) $25.2m (116.8%) $26.3m (93.6%) 2.4% (100.2%) $0.94 (113.6%)
2019 $1.1b (8.5%) $39.9m (58.4%) $25.7m (-2.3%) 3.5% (46.0%) $1.50 (59.6%)
2020 $1.4b (26.7%) $42.3m (6.0%) $86.4m (236.3%) 3.0% (-16.3%) $1.52 (1.3%)
2021 $1.6b (10.8%) $62.6m (48.1%) $104.9m (21.4%) 4.0% (33.6%) $2.19 (44.1%)
2022 $1.8b (11.9%) $106.5m (69.9%) $158.2m (50.8%) 6.0% (51.9%) $3.53 (61.2%)
2023 $2.0b (11.5%) $138.7m (30.2%) $414.2m (161.8%) 7.0% (16.8%) $4.51 (27.8%)
2024 $2.1b (7.3%) $257.5m (85.7%) $416.1m (0.5%) 12.2% (73.1%) $8.35 (85.1%)
2025 $2.5b (17.7%) $290.2m (12.7%) $362.7m (-12.8%) 11.7% (-4.2%) $9.50 (13.8%)

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