Discounted Cash Flow

Vicor Corp.

VICR · 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 $200.3m $-6.2m $-7.9m -3.1% $-0.16
2017 $227.8m (13.8%) $167.0k (102.7%) $-15.0m (-90.4%) 0.1% (102.4%) $0.00 (100.0%)
2018 $291.2m (27.8%) $31.7m (18897.0%) $18.0m (219.7%) 10.9% (14761.9%) $0.80
2019 $263.0m (-9.7%) $14.1m (-55.6%) $9.7m (-45.9%) 5.4% (-50.8%) $0.35 (-56.2%)
2020 $296.6m (12.8%) $17.9m (27.0%) $5.9m (-39.4%) 6.0% (12.6%) $0.42 (20.0%)
2021 $359.4m (21.2%) $56.6m (216.2%) $6.7m (13.4%) 15.8% (160.9%) $1.30 (209.5%)
2022 $399.1m (11.1%) $25.4m (-55.1%) $-41.0m (-713.9%) 6.4% (-59.5%) $0.58 (-55.4%)
2023 $405.1m (1.5%) $53.6m (110.6%) $41.1m (200.1%) 13.2% (107.5%) $1.21 (108.6%)
2024 $359.1m (-11.4%) $6.1m (-88.6%) $27.2m (-33.7%) 1.7% (-87.1%) $0.14 (-88.4%)
2025 $407.7m (13.5%) $118.6m (1834.3%) $119.2m (337.7%) 29.1% (1603.6%) $2.63 (1778.6%)

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