Discounted Cash Flow

Tenet Healthcare Corp.

THC · Based on 10 years of SEC filings

DCF estimate unavailable — only_2_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 $19.6b $-192.0m $-317.0m -1.0% $-1.93
2017 $19.2b (-2.3%) $-144.0m (25.0%) $493.0m (255.5%) -0.8% (23.3%) $-7.00 (-262.7%)
2018 $18.3b (-4.5%) $-127.0m (11.8%) $432.0m (-12.4%) -0.7% (7.6%) $1.09 (115.6%)
2019 $18.5b (0.9%) $15.0m (111.8%) $1.2b (171.1%) 0.1% (111.7%) $-2.24 (-305.5%)
2020 $18.5b (0.2%) $-14.0m (-193.3%) $3.4b (187.2%) -0.1% (-193.1%) $3.80 (269.6%)
2021 $19.7b (6.2%) $-445.0m (-3078.6%) $1.5b (-56.6%) -2.3% (-2892.1%) $8.55 (125.0%)
2022 $19.4b (-1.6%) $-1.0m (99.8%) $991.0m (-32.1%) -0.0% (99.8%) $3.84 (-55.1%)
2023 $20.5b (6.1%) $-23.0m (-2200.0%) $2.3b (129.1%) -0.1% (-2067.9%) $6.01 (56.5%)
2024 $20.7b (0.6%) $-2.9b (-12578.3%) $2.0b (-14.0%) -14.1% (-12506.5%) $33.02 (449.4%)
2025 $21.3b (3.1%) $1.0m (100.0%) $3.5b (76.7%) 0.0% (100.0%) $15.61 (-52.7%)

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

only_2_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.