Discounted Cash Flow

Manitowoc Co. Inc.

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

⚠ Cash flow predictability 31/100 (unstable) — FCF YoY std dev 89%, net income 94% (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 $1.9b $-436.5m $-253.5m -23.3% $-2.73
2017 $1.8b (-2.0%) $10.9m (102.5%) $56.9m (122.5%) 0.6% (102.6%) $0.26 (109.5%)
2018 $2.1b (16.8%) $-77.9m (-813.8%) $-632.7m (-1211.6%) -3.6% (-711.2%) $-1.89 (-826.9%)
2019 $2.1b (-0.7%) $54.1m (169.4%) $-102.7m (83.8%) 2.5% (169.9%) $1.31 (169.3%)
2020 $1.7b (-21.3%) $-22.2m (-141.0%) $-71.3m (30.5%) -1.3% (-152.1%) $-0.55 (-142.0%)
2021 $2.0b (19.2%) $12.8m (157.6%) $41.6m (158.3%) 0.6% (148.3%) $0.32 (158.2%)
2022 $2.4b (18.2%) $-143.6m (-1223.6%) $17.5m (-57.8%) -6.1% (-1051.0%) $-3.51 (-1196.9%)
2023 $2.6b (9.6%) $45.5m (131.7%) $-16.7m (-195.4%) 1.8% (128.9%) $1.12 (131.9%)
2024 $2.5b (-2.2%) $64.8m (42.3%) $4.1m (124.3%) 2.6% (45.6%) $1.58 (41.1%)
2025 $2.6b (2.9%) $8.4m (-87.1%) $-17.8m (-537.1%) 0.3% (-87.5%) $0.20 (-87.3%)

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):

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