Discounted Cash Flow

Toro Co.

TTC · 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 $2.4b $231.0m $311.2m 9.7% $2.10
2017 $2.5b (4.7%) $267.7m (15.9%) $302.5m (-2.8%) 10.7% (10.7%) $2.47 (17.6%)
2018 $2.6b (4.5%) $271.9m (1.6%) $274.7m (-9.2%) 10.4% (-2.8%) $2.56 (3.6%)
2019 $3.1b (19.8%) $274.0m (0.8%) $244.5m (-11.0%) 8.7% (-15.9%) $2.57 (0.4%)
2020 $3.4b (7.7%) $329.7m (20.3%) $461.3m (88.7%) 9.8% (11.8%) $3.06 (19.1%)
2021 $4.0b (17.2%) $409.9m (24.3%) $451.5m (-2.1%) 10.4% (6.1%) $3.82 (24.8%)
2022 $4.5b (14.0%) $443.3m (8.2%) $153.7m (-66.0%) 9.8% (-5.1%) $4.23 (10.7%)
2023 $4.6b (0.9%) $329.7m (-25.6%) $157.3m (2.3%) 7.2% (-26.3%) $3.16 (-25.3%)
2024 $4.6b (0.7%) $418.9m (27.1%) $466.4m (196.5%) 9.1% (26.2%) $4.04 (27.8%)
2025 $4.5b (-1.6%) $316.1m (-24.5%) $578.3m (24.0%) 7.0% (-23.3%) $3.18 (-21.3%)

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