Discounted Cash Flow

Txnm Energy Inc.

TXNM · 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 $1.4b $116.8m $293.2m 8.6% $1.47
2017 $1.4b (6.0%) $79.9m (-31.6%) $524.5m (78.9%) 5.5% (-35.5%) $1.00 (-32.0%)
2018 $1.4b (-5.8%) $101.3m (26.8%) $428.2m (-18.3%) 7.4% (34.6%) $1.07 (7.0%)
2019 $1.4b (1.2%) $92.1m (-9.0%) $503.2m (17.5%) 6.7% (-10.1%) $0.97 (-9.3%)
2020 $1.5b (6.7%) $207.5m (125.2%) $485.7m (-3.5%) 14.1% (111.0%) $2.16 (122.7%)
2021 $1.6b (6.8%) $211.8m (2.1%) $547.9m (12.8%) 13.5% (-4.4%) $2.28 (5.6%)
2022 $2.3b (43.4%) $185.2m (-12.6%) $-345.3m (-163.0%) 8.2% (-39.0%) $1.97 (-13.6%)
2023 $1.9b (-14.6%) $106.9m (-42.3%) $-524.6m (-51.9%) 5.6% (-32.4%) $1.02 (-48.2%)
2024 $2.0b (2.4%) $258.7m (142.1%) $-738.9m (-40.8%) 13.1% (136.3%) $2.67 (161.8%)
2025 $2.2b (9.7%) $169.8m (-34.4%) $-611.4m (17.2%) 7.9% (-40.1%) $1.49 (-44.2%)

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