Discounted Cash Flow

Camden National Corp.

CAC · 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 $152.7m $40.1m $55.7m 26.2% $2.59
2017 $153.9m (0.8%) $28.5m (-28.9%) $55.5m (-0.5%) 18.5% (-29.5%) $1.83 (-29.3%)
2018 $158.6m (3.0%) $53.1m (86.4%) $59.3m (6.9%) 33.5% (80.9%) $3.40 (85.8%)
2019 $169.7m (7.0%) $57.2m (7.8%) $28.6m (-51.8%) 33.7% (0.7%) $3.70 (8.8%)
2020 $186.8m (10.0%) $59.5m (4.0%) $15.3m (-46.5%) 31.8% (-5.5%) $3.96 (7.0%)
2021 $187.2m (0.2%) $69.0m (16.0%) $140.9m (820.4%) 36.9% (15.8%) $4.62 (16.7%)
2022 $188.4m (0.7%) $61.4m (-11.0%) $103.0m (-26.9%) 32.6% (-11.6%) $4.18 (-9.5%)
2023 $163.3m (-13.3%) $43.4m (-29.4%) $64.9m (-37.0%) 26.6% (-18.5%) $2.98 (-28.7%)
2024 $177.0m (8.4%) $53.0m (22.2%) $55.4m (-14.7%) 29.9% (12.7%) $3.63 (21.8%)
2025 $255.8m (44.5%) $65.2m (22.9%) $58.2m (5.1%) 25.5% (-14.9%) $3.86 (6.3%)

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