Discounted Cash Flow

Tucows Inc. /Pa/

TCX · Based on 10 years of SEC filings

DCF estimate unavailable — only_6_profitable_out_of_10

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 $189.8m $16.1m $13.7m 8.5% $1.53
2017 $329.4m (73.5%) $22.3m (39.0%) $19.0m (38.1%) 6.8% (-19.9%) $2.12 (38.6%)
2018 $346.0m (5.0%) $17.1m (-23.3%) $9.3m (-51.0%) 5.0% (-26.9%) $1.62 (-23.6%)
2019 $337.1m (-2.6%) $15.4m (-10.1%) $-3.7m (-139.7%) 4.6% (-7.8%) $1.45 (-10.5%)
2020 $311.2m (-7.7%) $5.8m (-62.5%) $-8.4m (-126.5%) 1.9% (-59.4%) $0.55 (-62.1%)
2021 $304.3m (-2.2%) $3.4m (-41.7%) $3.4m (140.3%) 1.1% (-40.4%) $0.32 (-41.8%)
2022 $321.1m (5.5%) $-27.6m (-919.6%) $-116.8m (-3573.1%) -8.6% (-876.7%) $-2.56 (-900.0%)
2023 $339.3m (5.7%) $-96.2m (-248.9%) $-96.8m (17.1%) -28.3% (-230.2%) $-8.85 (-245.7%)
2024 $362.3m (6.8%) $-109.9m (-14.2%) $-76.2m (21.3%) -30.3% (-7.0%) $-10.02 (-13.2%)
2025 $390.3m (7.7%) $-75.8m (31.0%) $-22.9m (70.0%) -19.4% (35.9%) $-6.85 (31.6%)

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_6_profitable_out_of_10

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