Discounted Cash Flow

Eastern Bankshares, Inc.

EBC · 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)
2018 $390.0m $122.7m $205.0m 31.5% $0.00
2019 $411.3m (5.4%) $135.1m (10.1%) $196.2m (-4.3%) 32.8% (4.4%) $0.00
2020 $401.3m (-2.4%) $22.7m (-83.2%) $69.9m (-64.4%) 5.7% (-82.7%) $0.13
2021 $429.8m (7.1%) $145.5m (540.0%) $169.2m (142.2%) 33.9% (497.5%) $0.90 (592.3%)
2022 $568.1m (32.2%) $186.5m (28.2%) $213.1m (26.0%) 32.8% (-3.0%) $1.21 (34.4%)
2023 $550.4m (-3.1%) $-62.7m (-133.6%) $385.4m (80.9%) -11.4% (-134.7%) $1.43 (18.2%)
2024 $607.6m (10.4%) $119.6m (290.7%) $283.8m (-26.4%) 19.7% (272.8%) $0.66 (-53.8%)
2025 $828.6m (36.4%) $88.2m (-26.2%) $432.4m (52.3%) 10.6% (-45.9%) $0.43 (-34.8%)

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