Discounted Cash Flow
Targa Resources Corp.
—
—
Average annual growth rates
| Metric | 10-Year | 5-Year | 3-Year |
|---|---|---|---|
| Sales | — | — | — |
| Free Cash Flow | — | — | — |
| Average (FCF & NI) | — | — | — |
| Net Income | — | — | — |
Endpoint CAGR (better for long term trend)
| Metric | 10-Year | 5-Year | 3-Year |
|---|---|---|---|
| Sales | — | — | — |
| Free Cash Flow | — | — | — |
| Average (FCF & NI) | — | — | — |
| Net Income | — | — | — |
Projected growth rate
—
—
%
%
Historical inputs (10 fiscal years)
| YEAR | Sales | Net Income | Free Cash Flow | Net Margin | EPS (diluted) |
|---|---|---|---|---|---|
| 2016 | $-254.2m | $-187.3m | $275.3m | 73.7% | $-1.80 |
| 2017 | $-233.7m (8.1%) | $54.0m (128.8%) | $-358.0m (-230.0%) | -23.1% (-131.4%) | $-0.31 (82.8%) |
| 2018 | $10.5b (4586.1%) | $1.6m (-97.0%) | $-2.0b (-450.5%) | 0.0% (100.1%) | $-0.53 (-71.0%) |
| 2019 | $7.4b (-29.4%) | $-209.2m (-13175.0%) | $-1.5b (24.5%) | -2.8% (-18629.4%) | $-1.44 (-171.7%) |
| 2020 | $7.2b (-3.1%) | $-1.6b (-642.8%) | $792.9m (153.3%) | -21.7% (-666.3%) | $-7.26 (-404.2%) |
| 2021 | $16.1b (124.4%) | $71.2m (104.6%) | $1.8b (126.7%) | 0.4% (102.0%) | $-0.07 (99.0%) |
| 2022 | $19.8b (23.2%) | $1.2b (1579.1%) | $1.0b (-41.8%) | 6.0% (1263.3%) | $3.95 (5742.9%) |
| 2023 | $14.0b (-29.6%) | $1.3b (12.6%) | $826.2m (-21.1%) | 9.6% (59.8%) | $3.69 (-6.6%) |
| 2024 | $14.1b (1.3%) | $1.3b (-2.5%) | $683.9m (-17.2%) | 9.3% (-3.7%) | $5.77 (56.4%) |
| 2025 | $17.0b (20.5%) | $1.9b (46.6%) | $584.1m (-14.6%) | 11.3% (21.7%) | $8.52 (47.7%) |
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): —
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.