Discounted Cash Flow

World Acceptance Corp.

WRLD · 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)
2017 $531.7m $73.6m $212.5m 13.8% $8.45
2018 $548.7m (3.2%) $53.7m (-27.1%) $208.9m (-1.7%) 9.8% (-29.3%) $6.11 (-27.8%)
2019 $544.5m (-0.8%) $37.2m (-30.6%) $234.9m (12.5%) 6.8% (-30.1%) $4.14 (-32.2%)
2020 $590.0m (8.4%) $28.2m (-24.4%) $246.1m (4.8%) 4.8% (-30.2%) $3.66 (-11.5%)
2021 $525.5m (-10.9%) $88.3m (213.5%) $187.9m (-23.7%) 16.8% (252.0%) $13.59 (271.2%)
2022 $582.4m (10.8%) $53.9m (-38.9%) $275.4m (46.6%) 9.3% (-44.9%) $8.88 (-34.7%)
2023 $616.5m (5.9%) $21.2m (-60.6%) $21.2m (-92.3%) 3.4% (-62.8%) $3.69 (-58.4%)
2024 $573.2m (-7.0%) $77.3m (264.3%) $259.9m (1123.9%) 13.5% (291.8%) $13.45 (264.3%)
2025 $564.8m (-1.5%) $89.7m (16.0%) $250.5m (-3.6%) 15.9% (17.7%) $16.54 (22.9%)
2026 $585.2m (3.6%) $34.6m (-61.5%) $255.5m (2.0%) 5.9% (-62.8%) $7.00 (-57.7%)

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