Discounted Cash Flow

Barclays Plc. ADR

BCS · Based on 10 years of SEC filings · Converted from GBP to USD

⚠ Cash flow predictability 30/100 (unstable) — FCF YoY std dev 93%, net income 60% (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 $19.7b $2.8b $13.6b 14.3% $10.40
2017 $18.4b (-6.3%) $-1.7b (-161.7%) $-1.7b (-112.8%) -9.4% (-165.8%) $-10.30 (-199.0%)
2018 $12.3b (-33.5%) $2.9b (267.3%) $9.8b (664.5%) 23.7% (351.6%) $9.40 (191.3%)
2019 $12.7b (3.8%) $4.4b (52.6%) $-18.7b (-290.7%) 34.8% (47.0%) $0.14 (-98.5%)
2020 $11.0b (-13.7%) $3.2b (-27.2%) $3.2b (117.2%) 29.3% (-15.7%) $0.09 (-38.5%)
2021 $10.9b (-0.6%) $9.5b (194.1%) $63.3b (1865.7%) 86.8% (195.9%) $0.36 (314.8%)
2022 $14.3b (31.0%) $8.0b (-15.4%) $38.5b (-39.2%) 56.1% (-35.4%) $0.31 (-15.6%)
2023 $17.2b (20.2%) $7.1b (-11.3%) $-3.6b (-109.3%) 41.4% (-26.2%) $0.28 (-10.1%)
2024 $17.5b (1.8%) $8.5b (19.9%) $7.5b (309.4%) 48.8% (17.8%) $0.36 (30.0%)
2025 $19.6b (12.1%) $9.7b (13.7%) $22.8b (204.7%) 49.5% (1.4%) $0.44 (21.7%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

SEC filings report in GBP. 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