Discounted Cash Flow

Banner Corp.

BANR · 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)
2016 $85.4m $-92.9m $2.52
2017 $60.8m (-28.8%) $334.5m (459.9%) $1.85 (-26.6%)
2018 $136.5m (124.6%) $7.7m (-97.7%) $4.16 (124.9%)
2019 $146.3m (7.2%) $124.2m (1516.6%) $4.20 (1.0%)
2020 $115.9m (-20.7%) $112.6m (-9.3%) $3.29 (-21.7%)
2021 $201.0m (73.4%) $291.1m (158.6%) $5.81 (76.6%)
2022 $195.4m (-2.8%) $223.3m (-23.3%) $5.70 (-1.9%)
2023 $183.6m (-6.0%) $242.5m (8.6%) $5.35 (-6.1%)
2024 $766.1m $168.9m (-8.0%) $279.4m (15.2%) 22.0% $4.90 (-8.4%)
2025 $805.0m (5.1%) $195.4m (15.7%) $247.9m (-11.3%) 24.3% (10.1%) $5.67 (15.7%)

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