Discounted Cash Flow

First Financial Bancorp /Oh/

FFBC · 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 $88.5m $128.6m $1.45
2017 $96.8m (9.3%) $114.6m (-10.9%) $1.57 (8.3%)
2018 $172.6m (78.3%) $243.2m (112.1%) $1.95 (24.2%)
2019 $198.1m (14.8%) $165.4m (-32.0%) $2.01 (3.1%)
2020 $155.8m (-21.3%) $93.4m (-43.5%) $1.60 (-20.4%)
2021 $205.2m (31.7%) $375.1m (301.5%) $2.16 (35.0%)
2022 $217.6m (6.1%) $187.1m (-50.1%) $2.33 (7.9%)
2023 $255.9m (17.6%) $462.8m (147.4%) $2.72 (16.7%)
2024 $228.8m (-10.6%) $241.1m (-47.9%) $2.42 (-11.0%)
2025 $255.6m (11.7%) $317.1m (31.5%) $2.68 (10.7%)

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