Discounted Cash Flow

Suncor Energy Inc. Foreign

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

Cash flow predictability 79/100 (stable) — FCF YoY std dev 23%, net income 68% (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 $19.5b $314.1m 1.6%
2017 $23.3b (19.3%) $3.2b (927.2%) 13.9% (760.9%)
2018 $28.2b (21.2%) $3.6b (11.8%) 12.8% (-7.7%) $2.03
2019 $28.2b (0.0%) $1.8b (-49.2%) 6.5% (-49.2%) $1.86 (-8.4%)
2020 $18.1b (-35.7%) $-4.4b (-340.7%) -24.3% (-474.6%)
2021 $28.3b (56.1%) $4.0b (191.4%) 14.2% (158.5%) $2.77
2022 $42.3b (49.5%) $8.9b (121.1%) $7.6b 21.1% (47.9%) $6.54 (136.1%)
2023 $36.7b (-13.2%) $7.7b (-14.0%) $7.3b (-4.1%) 20.9% (-0.9%) $6.34 (-3.1%)
2024 $37.0b (0.8%) $5.9b (-22.7%) $9.4b (29.1%) 16.0% (-23.3%) $4.72 (-25.6%)
2025 $35.7b (-3.6%) $5.8b (-2.9%) $7.0b (-26.0%) 16.1% (0.7%) $4.85 (2.8%)

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.

Values abbreviated: b = billions, m = millions, k = thousands.

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