Discounted Cash Flow

Tactile Systems Technology Inc.

TCMD · 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 $84.5m $2.9m $6.3m 3.4% $0.18
2017 $109.3m (29.3%) $5.9m (103.4%) $446.0k (-92.9%) 5.4% (57.3%) $0.34 (88.9%)
2018 $143.8m (31.5%) $6.6m (13.1%) $4.8m (978.7%) 4.6% (-14.0%) $0.36 (5.9%)
2019 $189.5m (31.8%) $11.0m (65.7%) $-2.9m (-161.0%) 5.8% (25.7%) $0.58 (61.1%)
2020 $187.1m (-1.2%) $-620.0k (-105.7%) $735.0k (125.0%) -0.3% (-105.7%) $-0.03 (-105.2%)
2021 $208.1m (11.2%) $-11.8m (-1805.0%) $528.0k (-28.2%) -5.7% (-1613.4%) $-0.60 (-1900.0%)
2022 $246.8m (18.6%) $-17.9m (-51.3%) $3.4m (549.4%) -7.2% (-27.5%) $-0.89 (-48.3%)
2023 $274.4m (11.2%) $28.5m (259.6%) $33.5m (877.9%) 10.4% (243.5%) $1.24 (239.3%)
2024 $293.0m (6.8%) $17.0m (-40.5%) $38.3m (14.1%) 5.8% (-44.3%) $0.71 (-42.7%)
2025 $329.5m (12.5%) $19.1m (12.5%) $40.4m (5.7%) 5.8% (0.1%) $0.83 (16.9%)

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