Discounted Cash Flow

Flowserve Corp.

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

⚠ Cash flow predictability 54/100 (moderate) — FCF YoY std dev 65%, net income 62% (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 $4.6b $153.9m $175.1m 3.3% $1.02
2017 $4.3b (-8.3%) $3.1m (-98.0%) $289.8m (65.5%) 0.1% (-97.8%) $0.02 (-98.0%)
2018 $4.5b (4.7%) $139.0m (4412.5%) $124.1m (-57.2%) 3.1% (4210.2%) $0.91 (4450.0%)
2019 $4.6b (2.9%) $294.7m (112.0%) $286.4m (130.8%) 6.4% (105.9%) $1.94 (113.2%)
2020 $4.3b (-5.5%) $135.1m (-54.1%) $294.0m (2.7%) 3.1% (-51.5%) $0.89 (-54.1%)
2021 $4.1b (-5.0%) $146.3m (8.3%) $201.9m (-31.3%) 3.6% (14.0%) $0.97 (9.0%)
2022 $4.2b (2.1%) $219.2m (49.8%) $-135.1m (-166.9%) 5.2% (46.7%) $1.44 (48.5%)
2023 $5.0b (19.5%) $216.9m (-1.0%) $300.2m (322.2%) 4.3% (-17.2%) $1.42 (-1.4%)
2024 $5.3b (5.5%) $328.5m (51.4%) $399.9m (33.2%) 6.2% (43.5%) $2.15 (51.4%)
2025 $5.5b (3.8%) $402.2m (22.5%) $505.2m (26.3%) 7.3% (18.0%) $2.66 (23.7%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

SEC filings report in 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