Discounted Cash Flow

City Holding Co.

CHCO · 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 $118.9m $52.1m $59.8m 43.8% $3.46
2017 $126.1m (6.0%) $54.3m (4.2%) $71.3m (19.2%) 43.1% (-1.7%) $3.49 (0.9%)
2018 $57.5m (-54.4%) $70.0m (28.9%) $62.9m (-11.8%) 121.8% (183.0%) $4.50 (28.9%)
2019 $63.8m (11.0%) $89.4m (27.6%) $93.9m (49.4%) 140.1% (15.0%) $5.43 (20.7%)
2020 $61.2m (-4.0%) $89.6m (0.3%) $84.3m (-10.3%) 146.3% (4.4%) $5.55 (2.2%)
2021 $64.9m (6.1%) $88.1m (-1.7%) $99.0m (17.4%) 135.7% (-7.3%) $5.67 (2.2%)
2022 $68.1m (4.9%) $102.1m (15.9%) $113.7m (14.9%) 149.9% (10.5%) $6.81 (20.1%)
2023 $69.1m (1.4%) $114.4m (12.0%) $134.6m (18.4%) 165.6% (10.5%) $7.62 (11.9%)
2024 $72.0m (4.2%) $117.1m (2.4%) $129.2m (-4.0%) 162.7% (-1.8%) $7.91 (3.8%)
2025 $74.3m (3.2%) $130.5m (11.4%) $128.4m (-0.6%) 175.6% (8.0%) $8.94 (13.0%)

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