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

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
2020 $161.2m $-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%) $41.7m (-57.6%) $41.7m (-57.6%) 1.8% (-47.0%) $0.45 (-54.1%)
2023 $1.3b (-44.7%) $-13.2m (-131.7%) $-13.2m (-131.7%) -1.0% (-157.4%) $-0.14 (-131.1%)
2024 $2.2b (65.0%) $14.4m (208.9%) $-6.3b (-47375.1%) 0.7% (166.0%) $0.13 (192.9%)
2025 $3.2b (46.1%) $27.4m (90.1%) $-2.7b (56.7%) 0.9% (30.1%) $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