Discounted Cash Flow
Fuller H B Co.
—
Sales growth has weakened: 14.4% (2022) → -6.4% (2023) → 1.6% (2024) → -2.7% (2025). Revenue growth has been decelerating or declining in recent years and is now -2.7% — 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 | $2.4b | $144.2m | $153.8m | 5.9% | $2.48 |
| 2017 | $2.7b (10.1%) | $67.7m (-53.1%) | $99.7m (-35.1%) | 2.5% (-57.4%) | $1.16 (-53.2%) |
| 2018 | $3.5b (31.9%) | $198.9m (194.0%) | $215.0m (115.5%) | 5.6% (122.9%) | $3.38 (191.4%) |
| 2019 | $3.4b (-4.7%) | $152.0m (-23.6%) | $240.7m (12.0%) | 4.5% (-19.8%) | $2.57 (-24.0%) |
| 2020 | $3.2b (-3.7%) | $143.7m (-5.4%) | $283.7m (17.9%) | 4.4% (-1.8%) | $2.38 (-7.4%) |
| 2021 | $3.8b (17.5%) | $187.5m (30.5%) | $136.2m (-52.0%) | 4.9% (11.0%) | $3.05 (28.2%) |
| 2022 | $4.4b (14.4%) | $209.5m (11.7%) | $147.0m (8.0%) | 4.8% (-2.3%) | $3.37 (10.5%) |
| 2023 | $4.1b (-6.4%) | $168.3m (-19.6%) | $301.2m (104.9%) | 4.1% (-14.2%) | $2.67 (-20.8%) |
| 2024 | $4.1b (1.6%) | $151.3m (-10.1%) | $189.6m (-37.1%) | 3.6% (-11.6%) | $2.37 (-11.2%) |
| 2025 | $4.0b (-2.7%) | $176.5m (16.7%) | $140.8m (-25.7%) | 4.4% (19.9%) | $2.78 (17.3%) |
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): —
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.