Discounted Cash Flow

Tarsus Pharmaceuticals, Inc.

TARS · Based on 10 years of SEC filings

DCF estimate unavailable — only_0_profitable_out_of_last_5

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)
2019 $-40.0k $-4.7m $-3.8m 11675.0% $-1.98
2020 $0 (100.0%) $-26.8m (-474.1%) $-21.6m (-461.2%) $-4.32 (-118.2%)
2021 $57.0m $-13.8m (48.4%) $3.2m (114.6%) -24.2% $-0.67 (84.5%)
2022 $25.8m (-54.7%) $-62.1m (-349.1%) $-49.5m (-1666.6%) -240.5% (-892.0%) $-2.52 (-276.1%)
2023 $17.4m (-32.4%) $-135.9m (-118.9%) $-119.0m (-140.2%) -778.9% (-223.8%) $-4.62 (-83.3%)
2024 $183.0m (948.6%) $-115.6m (15.0%) $-84.6m (28.9%) -63.2% (91.9%) $-3.07 (33.5%)
2025 $451.4m (146.7%) $-66.4m (42.5%) $-22.3m (73.6%) -14.7% (76.7%) $-1.59 (48.2%)

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

only_0_profitable_out_of_last_5

Once the company meets all DCF eligibility criteria (sufficient history, profitability, growth trends), an estimate will become available automatically. No action is needed.