Discounted Cash Flow

First Bancorp /Pr/

FBP · 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 $673.2m $93.2m $189.1m 13.8% $0.44
2017 $650.8m (-3.3%) $67.0m (-28.2%) $226.5m (19.8%) 10.3% (-25.7%) $0.30 (-31.8%)
2018 $607.7m (-6.6%) $201.6m (201.1%) $267.8m (18.2%) 33.2% (222.5%) $0.92 (206.7%)
2019 $657.7m (8.2%) $167.4m (-17.0%) $271.8m (1.5%) 25.5% (-23.3%) $0.76 (-17.4%)
2020 $711.5m (8.2%) $102.3m (-38.9%) $281.7m (3.6%) 14.4% (-43.5%) $0.46 (-39.5%)
2021 $851.1m (19.6%) $281.0m (174.8%) $386.4m (37.2%) 33.0% (129.7%) $1.32 (187.0%)
2022 $918.4m (7.9%) $305.1m (8.6%) $420.0m (8.7%) 33.2% (0.6%) $1.60 (21.2%)
2023 $929.8m (1.2%) $302.9m (-0.7%) $340.4m (-19.0%) 32.6% (-1.9%) $1.72 (7.5%)
2024 $938.2m (0.9%) $298.7m (-1.4%) $394.1m (15.8%) 31.8% (-2.2%) $1.82 (5.8%)
2025 $1.0b (6.7%) $344.9m (15.4%) $437.5m (11.0%) 34.5% (8.2%) $2.16 (18.7%)

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