Discounted Cash Flow

TSS Inc.

TSSI · 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 $27.4m $-1.0m $1.9m -3.7% $-0.07
2017 $18.3m (-33.1%) $766.0k (174.9%) $-257.0k (-113.2%) 4.2% (211.9%) $0.05 (171.4%)
2018 $22.3m (21.9%) $2.4m (218.1%) $1.7m (745.1%) 10.9% (160.9%) $0.16 (220.0%)
2019 $32.8m (46.8%) $126.0k (-94.8%) $2.4m (46.0%) 0.4% (-96.5%) $0.01 (-93.8%)
2020 $45.1m (37.5%) $79.0k (-37.3%) $9.6m (296.6%) 0.2% (-54.4%) $0.00 (-100.0%)
2021 $27.4m (-39.2%) $-1.3m (-1741.8%) $-10.5m (-209.5%) -4.7% (-2799.1%) $-0.07
2022 $30.6m (11.8%) $-73.0k (94.4%) $14.2m (234.8%) -0.2% (95.0%) $0.00 (100.0%)
2023 $54.4m (77.6%) $74.0k (201.4%) $-8.5m (-160.1%) 0.1% (157.1%) $0.00
2024 $148.1m (172.3%) $6.0m (7975.7%) $6.8m (179.9%) 4.0% (2865.4%) $0.27
2025 $245.7m (65.9%) $15.1m (153.1%) $2.1m (-68.9%) 6.2% (52.6%) $0.61 (125.9%)

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