Discounted Cash Flow

Bank First Corp.

BFC · 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)
2017 $53.5m $15.3m $15.5m 28.6% $2.44
2018 $77.9m (45.8%) $25.5m (66.2%) $15.1m (-2.4%) 32.7% (14.0%) $3.81 (56.1%)
2019 $89.2m (14.4%) $26.7m (4.9%) $15.4m (1.7%) 29.9% (-8.3%) $3.91 (2.6%)
2020 $100.7m (12.9%) $-3.2m (-112.1%) $-3.2m (-121.0%) -3.2% (-110.7%) $5.07 (29.7%)
2021 $98.4m (-2.3%) $3.0k (100.1%) $31.6m (1076.3%) 0.0% (100.1%) $5.92 (16.8%)
2022 $116.5m (18.4%) $45.2m (1507033.3%) $33.1m (5.0%) 38.8% (1272325.4%) $5.58 (-5.7%)
2023 $182.5m (56.6%) $7.9m (-82.5%) $39.5m (19.1%) 4.3% (-88.8%) $7.28 (30.5%)
2024 $206.4m (13.1%) $34.0k (-99.6%) $58.6m (48.6%) 0.0% (-99.6%) $6.50 (-10.7%)
2025 $221.7m (7.4%) $71.5m (210182.4%) $51.0m (-12.9%) 32.2% (195661.8%) $7.23 (11.2%)

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