Discounted Cash Flow

Community Trust Bancorp Inc. /Ky/

CTBI · 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 $47.3m $57.9m $2.70
2017 $51.5m (8.8%) $60.0m (3.5%) $2.92 (8.1%)
2018 $59.2m (15.0%) $62.7m (4.5%) $3.35 (14.7%)
2019 $64.5m (9.0%) $80.9m (29.1%) $3.64 (8.7%)
2020 $59.5m (-7.8%) $60.9m (-24.7%) $3.35 (-8.0%)
2021 $87.9m (47.8%) $113.3m (86.1%) $4.94 (47.5%)
2022 $81.8m (-7.0%) $93.5m (-17.5%) $4.59 (-7.1%)
2023 $78.0m (-4.7%) $79.4m (-15.0%) $4.36 (-5.0%)
2024 $82.8m (6.2%) $97.1m (22.3%) $4.61 (5.7%)
2025 $98.1m (18.4%) $97.4m (0.3%) $5.44 (18.0%)

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