Discounted Cash Flow

W P Carey Inc. REIT

WPC · 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 $941.5m $267.7m $517.8m 28.4% $2.50
2017 $848.3m (-9.9%) $277.3m (3.6%) $516.1m (-0.3%) 32.7% (14.9%)
2018 $885.7m (4.4%) $411.6m (48.4%) $509.2m (-1.3%) 46.5% (42.2%)
2019 $1.2b (39.2%) $305.2m (-25.8%) $812.1m (59.5%) 24.8% (-46.7%)
2020 $1.2b (-1.9%) $455.4m (49.2%) $801.5m (-1.3%) 37.7% (52.1%)
2021 $1.3b (10.1%) $410.0m (-10.0%) $926.5m (15.6%) 30.8% (-18.2%)
2022 $1.5b (11.1%) $599.1m (46.1%) $1.0b (8.3%) 40.5% (31.6%)
2023 $1.7b (17.7%) $708.3m (18.2%) $1.1b (7.0%) 40.7% (0.4%)
2024 $1.6b (-9.1%) $460.8m (-34.9%) $1.8b (70.8%) 29.1% (-28.4%)
2025 $1.7b (8.4%) $466.4m (1.2%) $1.3b (-30.0%) 27.2% (-6.7%)

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