Discounted Cash Flow

Bank of Hawaii Corp.

BOH · 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 $614.9m $181.5m $226.5m 29.5% $4.26
2017 $642.7m (4.5%) $184.7m (1.8%) $175.1m (-22.7%) 28.7% (-2.6%) $4.37 (2.6%)
2018 $655.3m (2.0%) $219.6m (18.9%) $317.9m (81.5%) 33.5% (16.6%) $5.26 (20.4%)
2019 $681.1m (3.9%) $225.9m (2.9%) $234.2m (-26.3%) 33.2% (-1.0%) $5.59 (6.3%)
2020 $680.7m (-0.0%) $153.8m (-31.9%) $113.1m (-51.7%) 22.6% (-31.9%) $3.87 (-30.8%)
2021 $668.6m (-1.8%) $253.4m (64.7%) $354.8m (213.6%) 37.9% (67.7%) $6.29 (62.5%)
2022 $698.1m (4.4%) $225.8m (-10.9%) $304.2m (-14.3%) 32.3% (-14.6%) $5.50 (-12.6%)
2023 $673.6m (-3.5%) $171.2m (-24.2%) $129.4m (-57.5%) 25.4% (-21.4%) $4.16 (-24.4%)
2024 $639.1m (-5.1%) $150.0m (-12.4%) $161.3m (24.7%) 23.5% (-7.7%) $3.48 (-16.3%)
2025 $716.6m (12.1%) $205.9m (37.3%) $184.3m (14.3%) 28.7% (22.4%) $4.67 (34.2%)

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