Discounted Cash Flow

Enterprise Financial Services Corp.

EFSC · 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 $48.8m $80.0m $2.44
2017 $48.2m (-1.3%) $43.2m (-46.0%) $2.10 (-13.9%)
2018 $89.2m (85.1%) $105.8m (144.6%) $3.86 (83.8%)
2019 $92.7m (3.9%) $86.1m (-18.6%) $3.56 (-7.8%)
2020 $74.4m (-19.8%) $133.3m (54.7%) $2.76 (-22.5%)
2021 $133.1m (78.9%) $158.1m (18.6%) $3.86 (39.9%)
2022 $203.0m (52.6%) $214.7m (35.8%) $5.32 (37.8%)
2023 $194.1m (-4.4%) $261.7m (21.9%) $5.09 (-4.3%)
2024 $185.3m (-4.5%) $239.9m (-8.3%) $4.86 (-4.5%)
2025 $201.4m (8.7%) $181.5m (-24.3%) $5.34 (9.9%)

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