Discounted Cash Flow

C & F Financial Corp.

CFFI · 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 $115.1m $13.5m $25.6m 11.7% $3.90
2017 $116.3m (1.1%) $6.6m (-51.2%) $22.7m (-11.2%) 5.6% (-51.7%) $1.89 (-51.5%)
2018 $118.3m (1.7%) $18.0m (174.2%) $43.7m (92.7%) 15.2% (169.6%) $5.15 (172.5%)
2019 $127.0m (7.4%) $18.9m (4.7%) $-17.9m (-140.8%) 14.8% (-2.5%) $5.47 (6.2%)
2020 $152.3m (19.9%) $22.1m (17.3%) $-90.6m (-407.0%) 14.5% (-2.2%)
2021 $134.5m (-11.7%) $28.7m (29.6%) $152.6m (268.4%) 21.3% (46.8%) $7.95
2022 $121.9m (-9.4%) $29.2m (1.7%) $87.2m (-42.9%) 23.9% (12.2%) $8.29 (4.3%)
2023 $127.3m (4.4%) $23.6m (-19.1%) $37.4m (-57.1%) 18.5% (-22.5%) $6.92 (-16.5%)
2024 $127.3m (-0.0%) $19.8m (-16.0%) $35.0m (-6.3%) 15.6% (-16.0%) $6.01 (-13.2%)
2025 $140.8m (10.6%) $26.8m (35.3%) $22.2m (-36.7%) 19.1% (22.3%) $8.29 (37.9%)

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