Discounted Cash Flow

Axia Energia S.A. ADR

AXIA · Based on 10 years of SEC filings · Converted from BRL to USD

⚠ Cash flow predictability 46/100 (moderate) — FCF YoY std dev 68%, net income 63% (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 $11.9b $704.4m $-23.4m 5.9% $2.65
2017 $7.4b (-37.2%) $-346.6m (-149.2%) $184.3m (887.8%) -4.7% (-178.4%) $-1.30 (-149.1%)
2018 $4.9b (-34.1%) $2.6b (851.9%) $633.7m (243.9%) 53.1% (1240.3%) $41.28 (3275.4%)
2019 $5.4b (11.0%) $2.1b (-19.3%) $-401.1m (-163.3%) 38.6% (-27.3%) $23.10 (-44.0%)
2020 $5.7b (4.9%) $1.2b (-40.7%) $382.0m (195.2%) 21.8% (-43.5%) $17.47 (-24.4%)
2021 $7.4b (29.4%) $1.1b (-10.9%) $1.1b (191.0%) 15.0% (-31.1%) $15.21 (-12.9%)
2022 $6.7b (-9.4%) $714.4m (-35.6%) $1.5b (35.9%) 10.7% (-28.9%) $5.71 (-62.5%)
2023 $7.3b (9.1%) $894.1m (25.2%) $1.2b (-18.5%) 12.2% (14.8%) $9.14 (60.1%)
2024 $7.9b (8.1%) $2.0b (128.1%) $2.4b (95.8%) 25.8% (110.9%) $19.61 (114.6%)
2025 $8.1b (2.7%) $1.3b (-36.8%) $2.4b (1.4%) 15.9% (-38.5%) $4.81 (-75.5%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

SEC filings report in BRL. 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