Discounted Cash Flow

Bridgewater Bancshares Inc.

BWB · 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 $66.3m $16.9m $23.7m 25.5% $0.69
2018 $85.2m (28.5%) $26.9m (59.4%) $25.7m (8.5%) 31.6% (24.1%) $0.93 (34.8%)
2019 $103.8m (21.8%) $31.4m (16.7%) $24.0m (-6.7%) 30.3% (-4.2%) $1.07 (15.1%)
2020 $114.8m (10.6%) $27.2m (-13.4%) $-1.7m (-107.0%) 23.7% (-21.7%) $0.95 (-11.2%)
2021 $128.9m (12.2%) $45.7m (68.0%) $53.5m (3303.1%) 35.4% (49.7%) $1.59 (67.4%)
2022 $163.7m (27.0%) $53.4m (16.9%) $83.4m (55.9%) 32.6% (-8.0%) $1.78 (11.9%)
2023 $222.4m (35.8%) $40.0m (-25.2%) $27.0m (-67.6%) 18.0% (-44.9%) $1.29 (-27.5%)
2024 $245.9m (10.6%) $32.8m (-17.9%) $42.3m (56.4%) 13.3% (-25.7%) $1.05 (-18.6%)
2025 $281.8m (14.6%) $46.1m (40.4%) $22.0m (-48.1%) 16.4% (22.5%) $1.53 (45.7%)

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