Discounted Cash Flow

Argenx SE ADR

ARGX · Based on 10 years of SEC filings · Converted from EUR to USD

⚠ Cash flow predictability 39/100 (unstable) — FCF YoY std dev 80%, net income 75% (full history)

DCF estimate unavailable — only_2_profitable_out_of_10

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 $17.1m $-24.8m $11.9m -145.3% $-1.14
2017 $42.3m (147.5%) $-31.9m (-28.6%) $-42.9m (-459.8%) -75.5% (48.1%) $-1.14 (0.0%)
2018 $25.0m (-41.0%) $-76.5m (-139.6%) $-63.1m (-46.9%) -306.5% (-306.2%) $-1.99 (-74.6%)
2019 $81.1m (224.8%) $-189.3m (-147.5%) $153.9m (343.9%) -233.5% (23.8%) $-4.22 (-112.1%)
2020 $42.3m (-47.8%) $-611.2m (-222.9%) $-406.1m (-363.9%) -1444.4% (-518.5%) $-11.65 (-176.1%)
2021 $577.6m (1265.2%) $-464.3m (24.0%) $-710.8m (-75.0%) -80.4% (94.4%) $-7.99 (31.4%)
2022 $465.5m (-19.4%) $-824.3m (-77.5%) $-1.0b (-41.8%) -177.1% (-120.3%) $-13.05 (-63.3%)
2023 $1.4b (197.2%) $-342.7m (58.4%) $-494.8m (50.9%) -24.8% (86.0%) $-5.16 (60.5%)
2024 $2.5b (83.6%) $967.7m (382.3%) $-104.5m (78.9%) 38.1% (253.8%) $13.92 (369.8%)
2025 $4.8b (89.9%) $1.5b (55.1%) $780.5m (846.7%) 31.1% (-18.3%) $21.08 (51.4%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

SEC filings report in EUR. Values above are converted to USD for comparison with the US-listed share price.

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

only_2_profitable_out_of_10

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