Discounted Cash Flow

Trimble Inc.

TRMB · 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)
2017 $2.7b $121.1m $368.2m 4.6% $0.48
2018 $3.1b (17.1%) $282.8m (133.5%) $419.1m (13.8%) 9.1% (99.4%) $1.13 (135.4%)
2019 $3.3b (5.0%) $514.3m (81.9%) $516.0m (23.1%) 15.8% (73.2%) $2.05 (81.4%)
2020 $3.3b (0.0%) $514.3m (0.0%) $516.0m (0.0%) 15.8% (0.0%) $2.05 (0.0%)
2021 $3.7b (12.1%) $492.7m (-4.2%) $625.9m (21.3%) 13.5% (-14.5%) $1.96 (-4.4%)
2022 $3.7b (0.5%) $449.7m (-8.7%) $348.0m (-44.4%) 12.2% (-9.2%) $1.81 (-7.7%)
2023 $3.8b (3.3%) $311.3m (-30.8%) $555.1m (59.5%) 8.2% (-33.0%) $1.26 (-30.4%)
2024 $3.7b (-3.0%) $1.5b (383.3%) $497.8m (-10.3%) 40.8% (398.4%) $6.13 (386.5%)
2025 $3.6b (-2.6%) $424.0m (-71.8%) $506.1m (1.7%) 11.8% (-71.1%) $1.77 (-71.1%)
2026 $3.6b (0.0%) $424.0m (0.0%) $360.9m (-28.7%) 11.8% (0.0%) $1.77 (0.0%)

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