Discounted Cash Flow

Tootsie Roll Industries Inc.

TR · 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 $521.1m $67.5m $82.5m 13.0% $1.08
2017 $519.3m (-0.3%) $80.9m (19.8%) $26.3m (-68.1%) 15.6% (20.2%) $1.28 (18.5%)
2018 $518.9m (-0.1%) $56.9m (-29.6%) $73.3m (178.8%) 11.0% (-29.6%) $0.89 (-30.5%)
2019 $527.1m (1.6%) $64.9m (14.1%) $80.0m (9.1%) 12.3% (12.3%) $0.99 (11.2%)
2020 $471.1m (-10.6%) $59.0m (-9.1%) $56.7m (-29.0%) 12.5% (1.7%) $0.89 (-10.1%)
2021 $570.8m (21.2%) $65.3m (10.7%) $53.9m (-5.1%) 11.4% (-8.6%) $0.97 (9.0%)
2022 $687.0m (20.4%) $75.9m (16.2%) $48.7m (-9.6%) 11.1% (-3.4%) $1.10 (13.4%)
2023 $769.4m (12.0%) $91.9m (21.0%) $67.8m (39.3%) 11.9% (8.1%) $1.32 (20.0%)
2024 $723.2m (-6.0%) $86.8m (-5.5%) $120.9m (78.3%) 12.0% (0.5%) $1.22 (-7.6%)
2025 $732.5m (1.3%) $100.1m (15.2%) $96.4m (-20.3%) 13.7% (13.8%) $1.37 (12.3%)

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