Discounted Cash Flow

Willis Lease Finance Corp.

WLFC · 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 $207.3m $14.1m $99.9m 6.8% $2.10
2017 $274.8m (32.6%) $62.2m (341.8%) $124.5m (24.6%) 22.6% (233.2%) $9.93 (372.9%)
2018 $348.3m (26.7%) $43.2m (-30.4%) $185.2m (48.8%) 12.4% (-45.1%) $6.75 (-32.0%)
2019 $409.2m (17.5%) $66.9m (54.8%) $224.0m (20.9%) 16.4% (31.8%) $10.90 (61.5%)
2020 $288.7m (-29.4%) $9.7m (-85.4%) $90.5m (-59.6%) 3.4% (-79.4%) $1.07 (-90.2%)
2021 $274.2m (-5.0%) $3.4m (-65.6%) $3.4m (-96.3%) 1.2% (-63.8%) $0.00 (-100.0%)
2022 $311.9m (13.8%) $5.4m (62.3%) $5.4m (62.3%) 1.7% (42.6%) $0.35
2023 $418.6m (34.2%) $43.8m (704.9%) $224.6m (4029.4%) 10.5% (499.9%) $6.40 (1728.6%)
2024 $569.2m (36.0%) $108.6m (148.1%) $268.8m (19.7%) 19.1% (82.4%) $15.97 (149.5%)
2025 $730.2m (28.3%) $113.8m (4.7%) $252.2m (-6.2%) 15.6% (-18.4%) $16.00 (0.2%)

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