Discounted Cash Flow

Cresud Inc. ADR

CRESY · Based on 10 years of SEC filings · Converted from ARS to USD (9 ordinary shares per ADR)

⚠ Cash flow predictability 44/100 (moderate) — FCF YoY std dev 74%, net income 83% (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)
2017 $44.8m $-3.4m $10.9m -7.7% $-1.25
2018 $25.7m (-42.6%) $3.6m (203.4%) $11.2m (2.1%) 13.8% (280.2%) $10.86 (968.8%)
2019 $54.6m (112.0%) $-12.4m (-447.7%) $11.8m (5.8%) -22.7% (-264.0%) $-38.34 (-453.0%)
2020 $80.0m (46.7%) $2.6m (121.0%) $23.6m (99.9%) 3.2% (114.3%) $-7.87 (79.5%)
2021 $28.0m (-65.0%) $6.5m (152.6%) $9.6m (-59.2%) 23.4% (622.2%) $-23.84 (-202.9%)
2022 $63.3m (126.0%) $42.9m (554.7%) $-7.5m (-177.7%) 67.8% (189.7%) $4836.78 (20388.5%)
2023 $650.9m (929.0%) $3.6m (-91.6%) $-39.7m (-431.4%) 0.6% (-99.2%) $3731.35 (-22.9%)
2024 $633.2m (-2.7%) $51.8m (1337.5%) $-28.8m (27.5%) 8.2% (1377.9%) $2129.09 (-42.9%)
2025 $603.3m (-4.7%) $63.5m (22.5%) $99.9m (446.5%) 10.5% (28.6%) $1594.61 (-25.1%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

SEC filings report in ARS. 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