Discounted Cash Flow

Euronet Worldwide, Inc.

EEFT · Based on 10 years of SEC filings · Converted from EUR to USD

⚠ Cash flow predictability 63/100 (moderate) — FCF YoY std dev 54%, net income 58% (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 $2.3b $203.2m $327.2m 8.9% $3.34
2017 $2.6b (15.0%) $182.8m (-10.1%) $226.1m (-30.9%) 7.0% (-21.8%) $2.99 (-10.5%)
2018 $3.0b (12.6%) $271.3m (48.5%) $331.8m (46.7%) 9.2% (31.8%) $4.52 (51.2%)
2019 $3.2b (8.4%) $404.0m (48.9%) $434.9m (31.1%) 12.6% (37.4%) $6.49 (43.6%)
2020 $2.9b (-9.7%) $-4.0m (-101.0%) $181.6m (-58.2%) -0.1% (-101.1%) $-0.06 (-100.9%)
2021 $3.5b (20.7%) $82.4m (2180.8%) $366.3m (101.7%) 2.4% (1824.6%) $-1.34 (-2133.3%)
2022 $3.9b (12.1%) $269.2m (226.6%) $750.4m (104.9%) 6.9% (191.3%) $4.60 (443.3%)
2023 $4.3b (9.8%) $325.9m (21.1%) $639.3m (-14.8%) 7.6% (10.3%) $5.77 (25.4%)
2024 $4.6b (8.2%) $356.6m (9.4%) $717.3m (12.2%) 7.7% (1.1%) $6.82 (18.2%)
2025 $4.9b (6.4%) $360.6m (1.1%) $506.0m (-29.5%) 7.3% (-4.9%) $7.40 (8.5%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

SEC filings report in EUR. 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