Discounted Cash Flow

Celsius Holdings, Inc.

CELH · Based on 10 years of SEC filings · Converted from CNY to USD

⚠ Cash flow predictability 58/100 (moderate) — FCF YoY std dev 66%, net income 69% (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 $3.4m $-457.4k $-357.0k -13.5% $-0.09
2017 $5.4m (58.9%) $-1.2m (-168.6%) $-1.3m (-253.7%) -22.8% (-69.1%) $-0.19 (-111.1%)
2018 $7.8m (45.5%) $-1.7m (-36.0%) $-1.8m (-38.8%) -21.3% (6.5%) $-0.23 (-21.1%)
2019 $11.2m (42.9%) $1.5m (189.0%) $142.6k (108.1%) 13.3% (162.3%) $0.16 (169.6%)
2020 $19.5m (74.0%) $1.3m (-14.5%) $420.7k (195.1%) 6.5% (-50.9%) $0.12 (-25.0%)
2021 $46.9m (140.4%) $587.1k (-53.8%) $587.1k (39.6%) 1.3% (-80.8%) $0.05 (-58.3%)
2022 $97.5m (108.0%) $-27.9m (-4856.6%) $14.9m (2437.7%) -28.7% (-2387.1%) $-2.63 (-5360.0%)
2023 $196.5m (101.7%) $33.8m (221.1%) $18.5m (23.9%) 17.2% (160.1%) $0.79 (130.0%)
2024 $202.1m (2.9%) $21.6m (-36.0%) $35.7m (93.5%) 10.7% (-37.8%) $0.46 (-41.8%)
2025 $375.1m (85.5%) $16.1m (-25.6%) $48.2m (35.0%) 4.3% (-59.9%) $0.25 (-45.7%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

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

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