Discounted Cash Flow

Zurn Elkay Water Solutions Corp.

ZWS · 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 $1.9b $67.9m $166.9m 3.5% $0.67
2017 $1.9b (-0.3%) $74.1m (9.1%) $140.6m (-15.8%) 3.9% (9.4%) $0.65 (-3.0%)
2018 $2.1b (7.7%) $75.9m (2.4%) $187.8m (33.6%) 3.7% (-4.9%) $0.51 (-21.5%)
2019 $2.1b (-0.7%) $34.3m (-54.8%) $215.6m (14.8%) 1.7% (-54.5%) $0.11 (-78.4%)
2020 $2.1b (0.8%) $180.1m (425.1%) $257.2m (19.3%) 8.7% (420.7%) $1.48 (1245.5%)
2021 $910.9m (-56.0%) $120.9m (-32.9%) $200.3m (-22.1%) 13.3% (52.4%) $1.00 (-32.4%)
2022 $1.3b (40.7%) $61.7m (-49.0%) $89.4m (-55.4%) 4.8% (-63.7%) $0.41 (-59.0%)
2023 $1.5b (19.4%) $112.7m (82.7%) $232.6m (160.2%) 7.4% (53.0%) $0.65 (58.5%)
2024 $1.6b (2.4%) $160.2m (42.1%) $271.7m (16.8%) 10.2% (38.9%) $0.93 (43.1%)
2025 $1.7b (8.3%) $198.0m (23.6%) $316.6m (16.5%) 11.7% (14.2%) $1.17 (25.8%)

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