Discounted Cash Flow

WD 40 Co.

WDFC · 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 $380.7m $52.6m $56.2m 13.8% $3.65
2017 $380.5m (-0.0%) $52.9m (0.6%) $32.2m (-42.8%) 13.9% (0.6%) $3.73 (2.2%)
2018 $408.5m (7.4%) $65.2m (23.2%) $52.5m (63.0%) 16.0% (14.8%) $4.65 (24.7%)
2019 $423.4m (3.6%) $55.9m (-14.3%) $49.6m (-5.5%) 13.2% (-17.3%) $4.03 (-13.3%)
2020 $408.5m (-3.5%) $60.7m (8.6%) $53.4m (7.6%) 14.9% (12.5%) $4.41 (9.4%)
2021 $488.1m (19.5%) $70.2m (15.7%) $69.7m (30.5%) 14.4% (-3.2%) $5.11 (15.9%)
2022 $518.8m (6.3%) $67.3m (-4.1%) $-5.7m (-108.2%) 13.0% (-9.8%) $4.91 (-3.9%)
2023 $537.3m (3.6%) $66.0m (-2.0%) $91.5m (1705.9%) 12.3% (-5.3%) $4.84 (-1.4%)
2024 $590.6m (9.9%) $69.6m (5.5%) $87.8m (-4.0%) 11.8% (-4.0%) $5.12 (5.8%)
2025 $620.0m (5.0%) $91.0m (30.7%) $83.4m (-5.0%) 14.7% (24.5%) $6.70 (30.9%)

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