Discounted Cash Flow

First Community Bankshares Inc. /Va/

FCBC · 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 $25.1m $42.3m $1.45
2017 $21.5m (-14.5%) $36.7m (-13.3%) $1.26 (-13.1%)
2018 $36.3m (69.1%) $46.9m (28.1%) $2.19 (73.8%)
2019 $38.8m (6.8%) $56.7m (20.7%) $2.47 (12.8%)
2020 $35.9m (-7.4%) $42.6m (-24.7%) $2.02 (-18.2%)
2021 $51.2m (42.4%) $45.2m (5.9%) $2.95 (46.0%)
2022 $46.7m (-8.8%) $57.9m (28.1%) $2.82 (-4.4%)
2023 $48.0m (2.9%) $59.1m (2.1%) $2.67 (-5.3%)
2024 $51.6m (7.5%) $54.9m (-7.0%) $2.81 (5.2%)
2025 $48.8m (-5.4%) $60.0m (9.2%) $2.66 (-5.3%)

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