Discounted Cash Flow

First Busey Corp. /N.V./

BUSE · 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 $154.7m $49.7m $-29.9m 32.1% $1.42
2017 $203.4m (31.5%) $62.7m (26.2%) $238.4m (897.7%) 30.8% (-4.0%) $1.47 (3.5%)
2018 $241.4m (18.7%) $98.9m (57.7%) $190.9m (-19.9%) 41.0% (32.9%) $2.02 (37.4%)
2019 $287.2m (19.0%) $103.0m (4.1%) $67.6m (-64.6%) 35.8% (-12.5%) $1.88 (-6.9%)
2020 $282.9m (-1.5%) $100.3m (-2.5%) $165.1m (144.4%) 35.5% (-1.1%) $1.84 (-2.1%)
2021 $270.7m (-4.3%) $123.4m (23.0%) $157.0m (-4.9%) 45.6% (28.6%) $2.23 (21.2%)
2022 $323.4m (19.5%) $128.3m (3.9%) $160.8m (2.4%) 39.7% (-13.0%) $2.32 (4.0%)
2023 $319.5m (-1.2%) $122.6m (-4.5%) $163.9m (1.9%) 38.4% (-3.3%) $2.21 (-4.7%)
2024 $462.3m (44.7%) $113.7m (-7.2%) $171.8m (4.9%) 24.6% (-35.9%) $2.01 (-9.0%)
2025 $719.6m (55.7%) $135.3m (19.0%) $173.0m (0.6%) 18.8% (-23.6%) $1.49 (-25.9%)

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