Discounted Cash Flow
United Airlines Holdings, Inc.
—
—
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 | $36.6b | $2.3b | $2.3b | 6.2% | $6.86 |
| 2017 | $37.7b (3.2%) | $2.1b (-5.8%) | $-585.0m (-125.2%) | 5.6% (-8.8%) | $7.04 (2.6%) |
| 2018 | $41.3b (9.5%) | $2.1b (-0.1%) | $2.0b (442.6%) | 5.2% (-8.7%) | $7.73 (9.8%) |
| 2019 | $43.3b (4.7%) | $3.0b (41.3%) | $2.4b (18.8%) | 7.0% (34.9%) | $11.63 (50.5%) |
| 2020 | $15.4b (-64.5%) | $-7.1b (-334.9%) | $-5.9b (-346.1%) | -46.0% (-761.9%) | $-25.30 (-317.5%) |
| 2021 | $24.6b (60.4%) | $-2.0b (72.2%) | $-40.0m (99.3%) | -8.0% (82.7%) | $-6.10 (75.9%) |
| 2022 | $45.0b (82.5%) | $737.0m (137.5%) | $1.2b (3217.5%) | 1.6% (120.6%) | $2.26 (137.0%) |
| 2023 | $53.7b (19.5%) | $2.6b (255.2%) | $-260.0m (-120.9%) | 4.9% (197.3%) | $7.98 (253.1%) |
| 2024 | $57.1b (6.2%) | $3.1b (20.3%) | $3.8b (1573.1%) | 5.5% (13.2%) | $9.58 (20.1%) |
| 2025 | $59.1b (3.5%) | $3.4b (6.5%) | $2.6b (-33.2%) | 5.7% (2.9%) | $10.32 (7.7%) |
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.