Discounted Cash Flow

Trinet Group, Inc.

TNET · 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 $3.1b $61.4m $104.9m 2.0% $0.88
2017 $3.3b (7.0%) $178.0m (189.9%) $215.0m (105.0%) 5.4% (170.9%) $2.57 (192.0%)
2018 $3.5b (7.0%) $192.0m (7.9%) $-147.0m (-168.4%) 5.5% (0.8%) $2.72 (5.8%)
2019 $3.9b (10.1%) $212.0m (10.4%) $426.0m (389.8%) 5.5% (0.3%) $3.04 (11.8%)
2020 $4.0b (4.6%) $272.0m (28.3%) $510.0m (19.7%) 6.7% (22.6%) $4.03 (32.6%)
2021 $4.5b (12.5%) $338.0m (24.3%) $178.0m (-65.1%) 7.4% (10.4%) $5.13 (27.3%)
2022 $4.9b (7.6%) $355.0m (5.0%) $506.0m (184.3%) 7.3% (-2.4%) $5.66 (10.3%)
2023 $4.9b (0.8%) $375.0m (5.6%) $470.0m (-7.1%) 7.6% (4.8%) $6.61 (16.8%)
2024 $5.1b (2.7%) $173.0m (-53.9%) $201.0m (-57.2%) 3.4% (-55.1%) $3.47 (-47.5%)
2025 $5.0b (-0.9%) $155.0m (-10.4%) $234.0m (16.4%) 3.1% (-9.6%) $3.20 (-7.8%)

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