Discounted Cash Flow

Mueller Water Products, Inc.

MWA · Based on 10 years of SEC filings · Converted from CAD to USD

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⚠ Cash flow predictability 45/100 (moderate) — FCF YoY std dev 84%, net income 38% (full history)

▲ Accelerating sales growth

Sales growth has accelerated: 2.3% (2023) → 3.1% (2024) → 8.7% (2025). Revenue growth has been accelerating in recent years and is now 8.7% — rapidly accelerating growth may be difficult to sustain at this pace, or the DCF (based on historical averages) may understate future momentum.

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.

Or enter your own rate

Inflation rate (used with B/E only)

Historical inputs (10 fiscal years)

YEAR	Sales	Net Income	Free Cash Flow	Net Margin	EPS (diluted)
2016	$821.8m	$46.1m	$76.3m	5.6%	$0.40
2017	$596.0m (-27.5%)	$89.0m (93.0%)	$13.6m (-82.2%)	14.9% (166.1%)	$0.77 (92.5%)
2018	$661.0m (10.9%)	$76.2m (-14.4%)	$55.9m (311.7%)	11.5% (-22.8%)	$0.67 (-13.0%)
2019	$698.5m (5.7%)	$46.0m (-39.6%)	$4.3m (-92.4%)	6.6% (-42.8%)	$0.40 (-40.3%)
2020	$695.7m (-0.4%)	$52.0m (12.9%)	$52.4m (1130.5%)	7.5% (13.3%)	$0.21 (-47.5%)
2021	$801.7m (15.2%)	$50.8m (-2.2%)	$67.8m (29.5%)	6.3% (-15.2%)	$0.44 (109.5%)
2022	$900.1m (12.3%)	$55.3m (8.8%)	$-1.7m (-102.6%)	6.1% (-3.1%)	$0.49 (11.4%)
2023	$920.6m (2.3%)	$61.7m (11.6%)	$44.3m (2658.3%)	6.7% (9.1%)	$0.55 (12.2%)
2024	$948.7m (3.1%)	$83.6m (35.6%)	$138.1m (211.7%)	8.8% (31.5%)	$0.74 (34.5%)
2025	$1.0b (8.7%)	$138.3m (65.4%)	$124.1m (-10.1%)	13.4% (52.1%)	$1.23 (66.2%)

Base FCF: — (latest fiscal year)

Discount rate: %

Terminal growth: —

Projection period: — years

Alt A decline yrs:

Alt B total yrs:

SEC filings report in CAD. 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): —

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