Discounted Cash Flow
Cullen/Frost Bankers, Inc.
—
—
Average annual growth rates
| Metric | 10-Year | 5-Year | 3-Year |
|---|---|---|---|
| Sales | — | — | — |
| Free Cash Flow | — | — | — |
| Average (FCF & NI) | — | — | — |
| Net Income | — | — | — |
| Dividends | — | — | — |
Endpoint CAGR (better for long term trend)
| Metric | 10-Year | 5-Year | 3-Year |
|---|---|---|---|
| Sales | — | — | — |
| Free Cash Flow | — | — | — |
| Average (FCF & NI) | — | — | — |
| Net Income | — | — | — |
Projected growth rate
—
—
%
%
Historical inputs (10 fiscal years)
| YEAR | Sales | Net Income | Free Cash Flow | Net Margin | EPS (diluted) |
|---|---|---|---|---|---|
| 2016 | $1.1b | $304.3m | $384.2m | 27.0% | $4.73 |
| 2017 | $1.2b (6.8%) | $364.1m (19.7%) | $504.0m (31.2%) | 30.3% (12.0%) | $5.56 (17.5%) |
| 2018 | $1.3b (8.8%) | $454.9m (24.9%) | $483.1m (-4.1%) | 34.7% (14.8%) | $6.97 (25.4%) |
| 2019 | $1.4b (4.5%) | $443.6m (-2.5%) | $427.4m (-11.5%) | 32.4% (-6.7%) | $6.89 (-1.1%) |
| 2020 | $1.4b (5.4%) | $331.2m (-25.3%) | $428.8m (0.3%) | 23.0% (-29.2%) | $5.11 (-25.8%) |
| 2021 | $1.4b (-4.8%) | $443.1m (33.8%) | $582.4m (35.8%) | 32.3% (40.6%) | $6.79 (32.9%) |
| 2022 | $1.7b (23.7%) | $579.1m (30.7%) | $620.1m (6.5%) | 34.1% (5.7%) | $8.84 (30.2%) |
| 2023 | $2.0b (17.2%) | $598.0m (3.3%) | $320.2m (-48.4%) | 30.1% (-11.9%) | $9.11 (3.1%) |
| 2024 | $2.1b (3.8%) | $582.5m (-2.6%) | $861.8m (169.1%) | 28.2% (-6.2%) | $8.88 (-2.5%) |
| 2025 | $2.2b (8.3%) | $648.6m (11.3%) | $127.3m (-85.2%) | 29.0% (2.8%) | $9.92 (11.7%) |
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): —
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.