Discounted Cash Flow

Arrow Electronics, Inc.

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

⚠ Cash flow predictability 40/100 (moderate) — FCF YoY std dev 83%, net income 67% (full history)

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 $27.7b $607.2m $222.0m 2.2% $5.75
2017 $31.1b (12.5%) $466.9m (-23.1%) $116.3m (-47.6%) 1.5% (-31.7%) $4.53 (-21.2%)
2018 $34.5b (10.7%) $831.9m (78.2%) $310.5m (166.9%) 2.4% (61.0%) $8.19 (80.8%)
2019 $33.6b (-2.6%) $-237.1m (-128.5%) $996.6m (221.0%) -0.7% (-129.2%) $-2.44 (-129.8%)
2020 $33.3b (-0.8%) $678.9m (386.4%) $1.6b (58.5%) 2.0% (388.8%) $7.49 (407.0%)
2021 $40.0b (20.2%) $1.3b (89.6%) $460.9m (-70.8%) 3.2% (57.7%) $15.29 (104.1%)
2022 $43.1b (7.7%) $1.7b (28.8%) $-38.4m (-108.3%) 3.8% (19.6%) $22.01 (44.0%)
2023 $38.5b (-10.8%) $1.0b (-36.7%) $819.4m (2232.7%) 2.7% (-29.0%) $16.03 (-27.2%)
2024 $32.4b (-15.7%) $455.4m (-56.6%) $1.3b (59.5%) 1.4% (-48.5%) $7.36 (-54.1%)
2025 $35.8b (10.5%) $663.6m (45.7%) $74.4m (-94.3%) 1.9% (31.9%) $11.03 (49.9%)

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