Discounted Cash Flow

FNB Corp./Pa/

FNB · 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 $170.9m $233.4m $0.79
2017 $199.2m (16.6%) $222.0m (-4.9%) $0.63 (-20.3%)
2018 $373.0m (87.2%) $576.0m (159.4%) $1.13 (79.4%)
2019 $387.0m (3.8%) $213.0m (-63.0%) $1.17 (3.5%)
2020 $286.0m (-26.1%) $72.0m (-66.2%) $0.86 (-26.5%)
2021 $405.0m (41.6%) $472.0m (555.6%) $1.24 (44.2%)
2022 $439.0m (8.4%) $1.1b (137.9%) $1.23 (-0.8%)
2023 $485.0m (10.5%) $335.0m (-70.2%) $1.32 (7.3%)
2024 $465.0m (-4.1%) $503.0m (50.1%) $1.27 (-3.8%)
2025 $565.0m (21.5%) $376.0m (-25.2%) $1.57 (23.6%)

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