Discounted Cash Flow
TAL Education Group ADR
—
—
Average annual growth rates
| Metric | 10-Year | 5-Year | 3-Year |
|---|---|---|---|
| Sales | — | — | — |
| Free Cash Flow | — | — | — |
| Average (FCF & NI) | — | — | — |
| Net Income | — | — | — |
Endpoint CAGR (better for long term trend)
| Metric | 10-Year | 5-Year | 3-Year |
|---|---|---|---|
| Sales | — | — | — |
| Free Cash Flow | — | — | — |
| Average (FCF & NI) | — | — | — |
| Net Income | — | — | — |
Projected growth rate
—
—
%
%
Historical inputs (10 fiscal years)
| YEAR | Sales | Net Income | Free Cash Flow | Net Margin | EPS (diluted) |
|---|---|---|---|---|---|
| 2017 | $1.0b | $116.9m | $288.4m | 11.2% | $0.72 |
| 2018 | $1.7b (64.4%) | $198.4m (69.8%) | $558.9m (93.8%) | 11.6% (3.3%) | $1.13 (56.9%) |
| 2019 | $2.6b (49.4%) | $367.2m (85.1%) | $56.0m (-90.0%) | 14.3% (23.8%) | $1.93 (70.8%) |
| 2020 | $3.3b (27.7%) | $-110.2m (-130.0%) | $677.8m (1111.3%) | -3.4% (-123.5%) | $-0.56 (-129.0%) |
| 2021 | $4.5b (37.3%) | $-116.0m (-5.3%) | $709.7m (4.7%) | -2.6% (23.4%) | $-0.57 (-1.8%) |
| 2022 | $4.4b (-2.3%) | $-1.1b (-879.5%) | $-1.2b (-267.0%) | -25.9% (-902.9%) | $-5.29 (-828.1%) |
| 2023 | $1.0b (-76.8%) | $-135.6m (88.1%) | $-103.0m (91.3%) | -13.3% (48.6%) | $-0.64 (87.9%) |
| 2024 | $1.5b (46.2%) | $-3.6m (97.4%) | $193.4m (287.9%) | -0.2% (98.2%) | $-0.02 (96.9%) |
| 2025 | $2.3b (51.0%) | $84.6m (2467.5%) | $286.2m (48.0%) | 3.8% (1668.1%) | $0.42 (2200.0%) |
| 2026 | $3.0b (33.7%) | $530.8m (527.4%) | $508.3m (77.6%) | 17.6% (369.2%) | $2.79 (564.3%) |
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): —
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.