Discounted Cash Flow

Connectone Bancorp, Inc.

CNOB · 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 $31.1m $47.0m $1.02
2017 $43.2m (39.1%) $128.5m (173.3%) $1.35 (32.4%)
2018 $60.4m (39.6%) $87.0m (-32.3%) $1.87 (38.5%)
2019 $73.4m (21.6%) $59.2m (-32.0%) $2.08 (11.2%)
2020 $71.3m (-2.9%) $78.9m (33.4%) $1.80 (-13.5%)
2021 $130.4m (82.9%) $199.5m (152.8%) $3.24 (80.0%)
2022 $125.2m (-3.9%) $173.5m (-13.0%) $3.03 (-6.5%)
2023 $87.0m (-30.5%) $85.5m (-50.7%) $2.08 (-31.4%)
2024 $73.8m (-15.2%) $56.9m (-33.4%) $1.77 (-14.9%)
2025 $80.4m (9.0%) $101.0m (77.5%) $1.64 (-7.3%)

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