Discounted Cash Flow

Bankwell Financial Group, Inc.

BWFG · 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 $49.1m $12.3m $9.0m 25.2% $1.64
2017 $54.4m (10.7%) $13.8m (12.0%) $18.7m (108.4%) 25.4% (1.1%) $1.80 (9.8%)
2018 $56.3m (3.6%) $17.4m (26.1%) $16.6m (-11.1%) 31.0% (21.7%) $2.23 (23.9%)
2019 $53.8m (-4.6%) $18.2m (4.5%) $6.0m (-64.0%) 33.9% (9.5%) $2.32 (4.0%)
2020 $788.0k (-98.5%) $5.9m (-67.6%) $-4.8m (-181.0%) 749.2% (2111.2%) $0.75 (-67.7%)
2021 $872.0k (10.7%) $26.6m (350.3%) $30.3m (724.9%) 3048.9% (306.9%) $3.38 (350.7%)
2022 $1.1m (22.9%) $37.4m (40.8%) $77.7m (156.5%) 3491.5% (14.5%) $4.84 (43.2%)
2023 $1.6m (52.0%) $36.7m (-2.0%) $29.9m (-61.5%) 2250.6% (-35.5%) $4.71 (-2.7%)
2024 $2.0m (20.5%) $9.8m (-73.4%) $29.3m (-1.9%) 497.7% (-77.9%) $1.24 (-73.7%)
2025 $2.8m (44.0%) $35.2m (260.3%) $27.1m (-7.5%) 1245.5% (150.2%) $4.49 (262.1%)

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