Discounted Cash Flow

Terawulf Inc.

WULF · Based on 10 years of SEC filings

DCF estimate unavailable — No positive free cash flow in recent history — company has not generated positive FCF

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income
Dividends

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 $17.6m $-65.1k $-1.1m -0.4% $-0.03
2017 $17.2m (-1.9%) $-226.1k (-247.6%) $-25.4k (97.8%) -1.3% (-254.2%) $-0.11 (-266.7%)
2018 $18.2m (5.6%) $139.5k (161.7%) $681.6k (2783.5%) 0.8% (158.4%) $0.07 (163.6%)
2019 $17.6m (-3.3%) $-813.6k (-683.3%) $-955.4k (-240.2%) -4.6% (-703.0%) $-0.41 (-685.7%)
2020 $13.4m (-23.8%) $-439.3k (46.0%) $-548.7k (42.6%) -3.3% (29.2%) $-0.22 (46.3%)
2021 $0 (-100.0%) $-95.7m (-21679.8%) $-133.2m (-24168.3%) $-1.13 (-413.6%)
2022 $15.0m $-90.8m (5.1%) $-95.2m (28.5%) -603.9% $-0.82 (27.4%)
2023 $69.2m (360.5%) $-73.4m (19.1%) $-70.9m (25.5%) -106.1% (82.4%) $-0.35 (57.3%)
2024 $140.1m (102.3%) $-72.4m (1.4%) $-292.4m (-312.3%) -51.7% (51.2%) $-0.21 (40.0%)
2025 $168.5m (20.3%) $-661.4m (-813.3%) $-1.2b (-304.8%) -392.6% (-659.3%) $-1.66 (-690.5%)

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

No positive free cash flow in recent history — company has not generated positive FCF

Once the company meets all DCF eligibility criteria (sufficient history, profitability, growth trends), an estimate will become available automatically. No action is needed.