Discounted Cash Flow

First Bancorp /Nc/

FBNC · 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 $123.4m $27.5m $17.5m 22.3% $1.37
2017 $164.7m (33.5%) $46.0m (67.1%) $22.2m (26.6%) 27.9% (25.2%) $1.82 (32.8%)
2018 $207.4m (25.9%) $89.3m (94.2%) $35.7m (60.9%) 43.0% (54.2%) $3.02 (65.9%)
2019 $216.2m (4.2%) $92.0m (3.1%) $47.7m (33.7%) 42.6% (-1.1%) $3.10 (2.6%)
2020 $218.1m (0.9%) $81.5m (-11.5%) $44.7m (-6.3%) 37.4% (-12.3%) $2.81 (-9.4%)
2021 $246.4m (13.0%) $95.6m (17.4%) $129.5m (189.6%) 38.8% (3.9%) $3.19 (13.5%)
2022 $324.9m (31.8%) $146.9m (53.6%) $225.4m (74.0%) 45.2% (16.5%) $4.12 (29.2%)
2023 $32.8m (-89.9%) $104.1m (-29.1%) $127.0m (-43.7%) 317.3% (601.5%) $2.54 (-38.3%)
2024 $70.1m (113.7%) $76.2m (-26.8%) $172.1m (35.6%) 108.7% (-65.7%) $1.85 (-27.2%)
2025 $67.6m (-3.6%) $111.0m (45.7%) $198.9m (15.5%) 164.2% (51.1%) $2.68 (44.9%)

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