Discounted Cash Flow

Teledyne Technologies Inc.

TDY · 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 $2.3b $195.8m $163.2m 8.5% $5.55
2017 $2.6b (13.3%) $227.2m (16.0%) $258.5m (58.4%) 8.7% (2.4%) $6.45 (16.2%)
2018 $2.9b (11.4%) $333.8m (46.9%) $360.1m (39.3%) 11.5% (31.8%) $9.32 (44.5%)
2019 $3.2b (9.0%) $402.3m (20.5%) $393.7m (9.3%) 12.7% (10.5%) $11.08 (18.9%)
2020 $3.1b (-2.4%) $401.9m (-0.1%) $547.5m (39.1%) 13.0% (2.4%) $10.95 (-1.2%)
2021 $4.6b (49.5%) $445.3m (10.8%) $517.3m (-5.5%) 9.7% (-25.9%) $10.31 (-5.8%)
2022 $4.6b (0.0%) $445.3m (0.0%) $723.0m (39.8%) 9.7% (0.0%) $10.31 (0.0%)
2023 $5.6b (22.1%) $885.7m (98.9%) $371.9m (-48.6%) 15.7% (62.9%) $18.80 (82.3%)
2024 $5.7b (0.6%) $819.2m (-7.5%) $1.1b (198.0%) 14.4% (-8.1%) $17.43 (-7.3%)
2025 $6.1b (7.9%) $894.8m (9.2%) $1.1b (-3.1%) 14.6% (1.3%) $19.12 (9.7%)

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