Discounted Cash Flow

US Foods Holding Corp.

USFD · 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 $22.9b $209.8m $391.2m 0.9% $1.05
2017 $24.1b (5.4%) $444.3m (111.8%) $527.2m (34.7%) 1.8% (101.0%) $2.00 (90.5%)
2018 $24.2b (0.1%) $407.0m (-8.4%) $374.0m (-29.1%) 1.7% (-8.5%) $1.88 (-6.0%)
2019 $25.9b (7.3%) $385.0m (-5.4%) $502.0m (34.2%) 1.5% (-11.8%) $1.77 (-5.9%)
2020 $22.9b (-11.8%) $-226.0m (-158.7%) $224.0m (-55.4%) -1.0% (-166.5%) $-1.15 (-165.0%)
2021 $22.9b (0.0%) $-226.0m (0.0%) $392.0m (75.0%) -1.0% (0.0%) $-1.15 (0.0%)
2022 $34.1b (48.8%) $265.0m (217.3%) $154.0m (-60.7%) 0.8% (178.8%) $1.02 (188.7%)
2023 $35.6b (4.5%) $506.0m (90.9%) $831.0m (439.6%) 1.4% (82.7%) $2.09 (104.9%)
2024 $37.9b (6.4%) $494.0m (-2.4%) $833.0m (0.2%) 1.3% (-8.2%) $2.05 (-1.9%)
2025 $39.4b (4.1%) $676.0m (36.8%) $959.0m (15.1%) 1.7% (31.5%) $2.98 (45.4%)

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