Discounted Cash Flow

Tenable Holdings, Inc.

TENB · 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)
2017 $187.7m $-41.0m $-9.0m -21.9%
2018 $267.4m (42.4%) $-73.5m (-79.2%) $-8.3m (8.1%) -27.5% (-25.8%)
2019 $354.6m (32.6%) $-99.0m (-34.7%) $-31.4m (-278.9%) -27.9% (-1.5%) $-1.03
2020 $440.2m (24.2%) $-42.7m (56.8%) $44.0m (239.9%) -9.7% (65.2%) $-0.42 (59.2%)
2021 $541.1m (22.9%) $-46.7m (-9.2%) $90.2m (105.2%) -8.6% (11.1%) $-0.44 (-4.8%)
2022 $683.2m (26.3%) $-92.2m (-97.6%) $121.8m (35.0%) -13.5% (-56.5%) $-0.83 (-88.6%)
2023 $798.7m (16.9%) $-78.3m (15.1%) $148.2m (21.6%) -9.8% (27.4%) $-0.68 (18.1%)
2024 $900.0m (12.7%) $-36.3m (53.6%) $213.2m (43.9%) -4.0% (58.8%) $-0.31 (54.4%)
2025 $999.4m (11.0%) $-36.1m (0.5%) $254.6m (19.4%) -3.6% (10.4%) $-0.30 (3.2%)

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.