Discounted Cash Flow

Fifth Third Bancorp

FITB · 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 $4.2b $1.6b $1.9b 37.3% $1.95
2017 $4.5b (7.1%) $2.2b (40.3%) $1.3b (-32.9%) 48.9% (31.0%) $2.88 (47.7%)
2018 $549.0m (-87.8%) $2.2b (-0.0%) $2.7b (105.9%) 399.5% (717.3%) $3.11 (8.0%)
2019 $565.0m (2.9%) $2.5b (14.5%) $1.6b (-40.7%) 444.6% (11.3%) $3.38 (8.7%)
2020 $559.0m (-1.1%) $1.4b (-43.2%) $66.0m (-95.8%) 255.3% (-42.6%) $1.84 (-45.6%)
2021 $600.0m (7.3%) $2.8b (94.1%) $2.4b (3528.8%) 461.7% (80.8%) $3.78 (105.4%)
2022 $589.0m (-1.8%) $2.4b (-11.7%) $6.1b (153.9%) 415.3% (-10.0%) $3.38 (-10.6%)
2023 $577.0m (-2.0%) $2.3b (-4.0%) $4.0b (-33.9%) 407.1% (-2.0%) $3.23 (-4.4%)
2024 $10.4b (1706.9%) $2.3b (-1.5%) $2.4b (-40.0%) 22.2% (-94.5%) $3.16 (-2.2%)
2025 $9.9b (-5.0%) $2.5b (9.0%) $3.9b (63.1%) 25.5% (14.7%) $3.56 (12.7%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Values abbreviated: b = billions, m = millions, k = thousands.

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