Discounted Cash Flow

Wisdomtree, Inc.

WT · 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 $219.4m $26.2m $53.8m 11.9% $0.19
2017 $237.4m (8.2%) $27.2m (4.0%) $48.2m (-10.5%) 11.5% (-3.9%) $0.20 (5.3%)
2018 $274.1m (15.5%) $36.6m (34.7%) $37.4m (-22.4%) 13.4% (16.6%) $0.23 (15.0%)
2019 $268.4m (-2.1%) $-10.4m (-128.5%) $46.8m (25.1%) -3.9% (-129.1%) $-0.08 (-134.8%)
2020 $253.7m (-5.5%) $-35.7m (-242.0%) $28.9m (-38.2%) -14.1% (-261.8%) $-0.25 (-212.5%)
2021 $304.3m (20.0%) $49.8m (239.7%) $75.0m (159.4%) 16.4% (216.4%) $0.31 (224.0%)
2022 $301.3m (-1.0%) $50.7m (1.8%) $54.9m (-26.9%) 16.8% (2.8%) $0.31 (0.0%)
2023 $349.0m (15.8%) $102.5m (102.3%) $85.5m (55.8%) 29.4% (74.7%) $0.66 (112.9%)
2024 $427.7m (22.5%) $66.7m (-35.0%) $113.3m (32.6%) 15.6% (-46.9%) $0.34 (-48.5%)
2025 $493.8m (15.4%) $109.1m (63.6%) $147.7m (30.4%) 22.1% (41.8%) $0.77 (126.5%)

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