Discounted Cash Flow

Acnb Corp.

ACNB · Based on 10 years of SEC filings

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 $49.8m $10.9m $9.8m 21.8% $1.80
2017 $60.5m (21.6%) $9.8m (-9.9%) $15.2m (56.0%) 16.2% (-25.9%) $1.50 (-16.7%)
2018 $73.0m (20.7%) $21.7m (122.2%) $27.8m (82.3%) 29.8% (84.0%) $3.09 (106.0%)
2019 $77.6m (6.2%) $23.7m (9.1%) $24.3m (-12.6%) 30.6% (2.7%) $3.36 (8.7%)
2020 $93.2m (20.1%) $18.4m (-22.5%) $24.4m (0.5%) 19.7% (-35.4%) $2.13 (-36.6%)
2021 $94.0m (0.9%) $27.8m (51.3%) $40.5m (66.0%) 29.6% (49.9%) $3.19 (49.8%)
2022 $105.2m (11.9%) $35.8m (28.4%) $37.4m (-7.8%) 34.0% (14.8%) $4.15 (30.1%)
2023 $106.8m (1.5%) $31.7m (-11.4%) $39.4m (5.5%) 29.7% (-12.6%) $3.72 (-10.4%)
2024 $108.3m (1.5%) $31.8m (0.5%) $38.8m (-1.6%) 29.4% (-1.0%) $3.75 (0.8%)
2025 $151.7m (40.0%) $37.1m (16.3%) $52.6m (35.4%) 24.4% (-16.9%) $3.61 (-3.7%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

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