Discounted Cash Flow

VICI Properties Inc. REIT

VICI · Based on 10 years of SEC filings

DCF estimate unavailable — only_1_profitable_out_of_10

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 $18.8m $0 $1.9m 0.0%
2017 $187.6m (898.7%) $44.5m 23.7%
2018 $898.0m (378.6%) $-8.5m (-119.1%) $503.2m -0.9% (-104.0%) $1.43
2019 $894.8m (-0.4%) $-8.3m (2.1%) $679.4m (35.0%) -0.9% (1.8%) $1.25 (-12.6%)
2020 $1.2b (37.0%) $-4.5m (45.5%) $880.9m (29.6%) -0.4% (60.2%) $1.76 (40.8%)
2021 $1.5b (23.2%) $-9.3m (-105.3%) $893.8m (1.5%) -0.6% (-66.7%) $1.80 (2.3%)
2022 $2.6b (72.3%) $-18.6m (-100.2%) $1.9b (117.2%) -0.7% (-16.2%) $1.27 (-29.4%)
2023 $3.6b (38.9%) $-41.1m (-120.5%) $-41.1m (-102.1%) -1.1% (-58.8%) $2.48 (95.3%)
2024 $3.8b (6.6%) $-42.4m (-3.3%) $-42.4m (-3.3%) -1.1% (3.1%) $2.56 (3.2%)
2025 $4.0b (4.1%) $-43.1m (-1.5%) $-43.1m (-1.5%) -1.1% (2.5%) $2.61 (2.0%)

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

only_1_profitable_out_of_10

Once the company meets all DCF eligibility criteria (sufficient history, profitability, growth trends), an estimate will become available automatically. No action is needed.