Discounted Cash Flow

UWM Holdings Corp.

UWMC · 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
Dividends

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)
2019 $1.3b
2020 $161.2m (-87.4%) $-5.8m $-5.8m -3.6% $-0.12
2021 $3.0b (1743.1%) $98.4m (1795.2%) $98.4m (1795.2%) 3.3% (192.0%) $0.98 (916.7%)
2022 $2.4b (-20.1%) $931.9m (846.6%) $8.2b (8271.7%) 39.3% (1085.0%) $0.45 (-54.1%)
2023 $2.2b (-8.7%) $-69.8m (-107.5%) $138.8m (-98.3%) -3.2% (-108.2%) $-0.14 (-131.1%)
2024 $2.7b (23.5%) $329.4m (572.0%) $329.4m (137.3%) 12.3% (482.2%) $0.13 (192.9%)
2025 $3.2b (18.2%) $244.0m (-25.9%) $244.0m (-25.9%) 7.7% (-37.3%) $0.13 (0.0%)

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):

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