Discounted Cash Flow
Ceragon Networks Ltd. Foreign
—
Sales growth has weakened: 1.5% (2022) → 17.6% (2023) → 13.5% (2024) → -14.1% (2025). Revenue growth has been decelerating or declining in recent years and is now -14.1% — a slowing company may not sustain the growth the DCF projects, so the valuation could be overstated.
Average annual growth rates
| Metric | 10-Year | 5-Year | 3-Year |
|---|---|---|---|
| Sales | — | — | — |
| Free Cash Flow | — | — | — |
| Average (FCF & NI) | — | — | — |
| Net Income | — | — | — |
| Dividends | — | — | — |
Endpoint CAGR (better for long term trend)
| Metric | 10-Year | 5-Year | 3-Year |
|---|---|---|---|
| Sales | — | — | — |
| Free Cash Flow | — | — | — |
| Average (FCF & NI) | — | — | — |
| Net Income | — | — | — |
Projected growth rate
—
Historical inputs (10 fiscal years)
| YEAR | Sales | Net Income | Free Cash Flow | Net Margin | EPS (diluted) |
|---|---|---|---|---|---|
| 2016 | $96.9m | $3.8m | $5.8m | 3.9% | $0.15 |
| 2017 | $109.6m (13.1%) | $5.1m (36.1%) | $2.8m (-51.0%) | 4.7% (20.4%) | $0.20 (33.3%) |
| 2018 | $113.5m (3.6%) | $7.6m (48.1%) | $4.0m (41.5%) | 6.7% (43.0%) | $0.29 (45.0%) |
| 2019 | $94.2m (-17.0%) | $-773.6k (-110.2%) | $-8.1m (-301.2%) | -0.8% (-112.2%) | $-0.03 (-110.3%) |
| 2020 | $86.8m (-7.9%) | $-5.6m (-629.2%) | $3.7m (145.5%) | -6.5% (-692.2%) | $-0.21 (-600.0%) |
| 2021 | $96.0m (10.6%) | $-4.9m (13.2%) | $-8.1m (-318.5%) | -5.1% (21.6%) | $-0.18 (14.3%) |
| 2022 | $97.4m (1.5%) | $-6.5m (-32.8%) | $-5.1m (37.1%) | -6.7% (-30.8%) | $-0.23 (-27.8%) |
| 2023 | $114.6m (17.6%) | $2.1m (131.6%) | $6.9m (236.3%) | 1.8% (126.9%) | $0.07 (130.4%) |
| 2024 | $130.1m (13.5%) | $7.9m (286.9%) | $3.8m (-44.5%) | 6.1% (240.7%) | $0.28 (300.0%) |
| 2025 | $111.8m (-14.1%) | $-689.7k (-108.7%) | $5.9m (54.5%) | -0.6% (-110.1%) | $-0.02 (-107.1%) |
Base FCF: — (latest fiscal year)
Discount rate: % —
Terminal growth: —
Projection period: — years
Alt A decline yrs:
Alt B total yrs:
SEC filings report in ILS. 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): —
Net debt deduction: —
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.