Discounted Cash Flow

Cathay General Bancorp

CATY · 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 $417.9m $175.1m $230.9m 41.9% $2.21
2017 $495.7m (18.6%) $176.0m (0.5%) $245.7m (6.4%) 35.5% (-15.2%) $2.19 (-0.9%)
2018 $28.0m (-94.4%) $271.9m (54.4%) $329.9m (34.3%) 971.5% (2635.7%) $3.35 (53.0%)
2019 $31.5m (12.5%) $279.1m (2.7%) $427.8m (29.7%) 886.7% (-8.7%) $3.49 (4.2%)
2020 $32.2m (2.4%) $228.9m (-18.0%) $314.2m (-26.6%) 710.0% (-19.9%) $2.88 (-17.5%)
2021 $39.1m (21.2%) $298.3m (30.3%) $330.6m (5.2%) 763.4% (7.5%) $3.81 (32.3%)
2022 $42.2m (7.9%) $360.6m (20.9%) $464.0m (40.4%) 855.0% (12.0%) $4.85 (27.3%)
2023 $43.9m (4.1%) $354.1m (-1.8%) $381.3m (-17.8%) 806.4% (-5.7%) $4.88 (0.6%)
2024 $52.3m (19.0%) $286.0m (-19.2%) $325.5m (-14.6%) 547.2% (-32.1%) $3.97 (-18.6%)
2025 $53.8m (2.9%) $315.1m (10.2%) $363.7m (11.7%) 585.8% (7.1%) $4.55 (14.6%)

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