Discounted Cash Flow

Esquire Financial Holdings, Inc.

ESQ · 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)
2017 $20.4m $7.0m $3.8m 34.5%
2018 $29.0m (42.0%) $11.9m (69.5%) $8.9m (133.8%) 41.2% (19.4%)
2019 $36.7m (26.6%) $19.1m (60.5%) $14.2m (60.8%) 52.2% (26.8%)
2020 $38.6m (5.4%) $17.2m (-10.3%) $14.8m (4.2%) 44.4% (-14.9%)
2021 $44.5m (15.3%) $22.7m (32.3%) $29.1m (95.9%) 51.0% (14.7%)
2022 $61.0m (37.0%) $38.8m (70.9%) $38.7m (33.2%) 63.6% (24.8%)
2023 $91.9m (50.7%) $55.9m (44.0%) $41.8m (7.9%) 60.8% (-4.4%)
2024 $113.4m (23.4%) $59.3m (6.1%) $41.5m (-0.7%) 52.3% (-14.0%)
2025 $139.4m (23.0%) $65.7m (10.7%) $56.7m (36.6%) 47.1% (-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