Discounted Cash Flow

Stryker Corp.

SYK · 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 $11.3b $1.6b $1.3b 14.5% $4.40
2017 $12.4b (9.9%) $1.0b (-38.1%) $961.0m (-27.3%) 8.2% (-43.6%) $2.73 (-38.0%)
2018 $13.6b (9.3%) $3.6b (248.3%) $2.0b (112.1%) 26.1% (218.7%) $9.50 (248.0%)
2019 $14.9b (9.4%) $2.1b (-41.4%) $1.5b (-24.3%) 14.0% (-46.4%) $5.57 (-41.4%)
2020 $14.4b (-3.6%) $1.6b (-23.2%) $2.8b (80.9%) 11.1% (-20.4%) $4.26 (-23.5%)
2021 $17.1b (19.2%) $2.0b (24.7%) $2.7b (-1.9%) 11.7% (4.6%) $5.29 (24.2%)
2022 $18.4b (7.8%) $2.4b (18.3%) $2.0b (-25.6%) 12.8% (9.7%) $6.23 (17.8%)
2023 $20.5b (11.1%) $3.2b (34.2%) $3.1b (54.0%) 15.4% (20.8%) $8.34 (33.9%)
2024 $22.6b (10.2%) $3.0b (-5.4%) $3.5b (11.2%) 13.2% (-14.2%) $7.86 (-5.8%)
2025 $25.1b (11.2%) $3.2b (8.5%) $4.3b (22.8%) 12.9% (-2.4%) $8.49 (8.0%)

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