Discounted Cash Flow

Smith & Wesson Brands, Inc.

SWBI · 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)
2017 $903.2m $127.9m $88.7m 14.2% $2.29
2018 $606.9m (-32.8%) $20.1m (-84.3%) $43.2m (-51.3%) 3.3% (-76.6%) $0.37 (-83.8%)
2019 $638.3m (5.2%) $18.4m (-8.5%) $23.5m (-45.5%) 2.9% (-13.0%) $0.34 (-8.1%)
2020 $678.4m (6.3%) $-61.2m (-432.6%) $81.0m (244.8%) -9.0% (-412.9%) $-1.11 (-426.5%)
2021 $1.1b (56.1%) $252.0m (511.6%) $293.3m (261.9%) 23.8% (363.6%) $4.62 (516.2%)
2022 $864.1m (-18.4%) $194.5m (-22.8%) $113.8m (-61.2%) 22.5% (-5.4%) $4.12 (-10.8%)
2023 $479.2m (-44.5%) $36.9m (-81.0%) $-72.8m (-164.0%) 7.7% (-65.8%) $0.80 (-80.6%)
2024 $535.8m (11.8%) $39.6m (7.4%) $16.0m (121.9%) 7.4% (-3.9%) $0.86 (7.5%)
2025 $474.7m (-11.4%) $13.4m (-66.1%) $-28.8m (-280.4%) 2.8% (-61.7%) $0.30 (-65.1%)
2026 $523.8m (10.4%) $18.5m (37.7%) $90.4m (413.7%) 3.5% (24.7%) $0.42 (40.0%)

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