Discounted Cash Flow

Amalgamated Financial Corp.

AMAL · 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

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)
2018 $149.7m $44.7m $29.6m 29.8% $1.47
2019 $166.6m (11.3%) $47.2m (5.7%) $82.7m (179.5%) 28.3% (-5.0%) $1.49 (1.4%)
2020 $180.0m (8.0%) $46.2m (-2.1%) $64.2m (-22.4%) 25.7% (-9.4%) $1.48 (-0.7%)
2021 $174.3m (-3.2%) $52.9m (14.6%) $68.1m (6.2%) 30.4% (18.4%) $1.70 (14.9%)
2022 $239.8m (37.6%) $81.5m (53.9%) $145.7m (113.8%) 34.0% (11.9%) $2.64 (55.3%)
2023 $261.3m (9.0%) $88.0m (8.0%) $115.7m (-20.5%) 33.7% (-0.9%) $2.88 (9.1%)
2024 $282.4m (8.1%) $106.4m (21.0%) $122.3m (5.7%) 37.7% (11.9%) $3.48 (20.8%)
2025 $297.8m (5.4%) $104.4m (-1.9%) $134.4m (9.9%) 35.1% (-6.9%) $3.44 (-1.1%)

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