Discounted Cash Flow
First Merchants Corp.
—
—
Average annual growth rates
| Metric | 10-Year | 5-Year | 3-Year |
|---|---|---|---|
| Sales | — | — | — |
| Free Cash Flow | — | — | — |
| Average (FCF & NI) | — | — | — |
| Net Income | — | — | — |
Endpoint CAGR (better for long term trend)
| Metric | 10-Year | 5-Year | 3-Year |
|---|---|---|---|
| Sales | — | — | — |
| Free Cash Flow | — | — | — |
| Average (FCF & NI) | — | — | — |
| Net Income | — | — | — |
Projected growth rate
—
—
%
%
Historical inputs (10 fiscal years)
| YEAR | Sales | Net Income | Free Cash Flow | Net Margin | EPS (diluted) |
|---|---|---|---|---|---|
| 2016 | — | $81.1m | $106.9m | — | $1.99 |
| 2017 | — | $96.1m (18.5%) | $126.5m (18.4%) | — | $2.13 (7.0%) |
| 2018 | — | $159.1m (65.6%) | $180.2m (42.5%) | — | $3.23 (51.6%) |
| 2019 | — | $164.5m (3.3%) | $178.4m (-1.0%) | — | $3.20 (-0.9%) |
| 2020 | — | $148.6m (-9.6%) | $204.8m (14.8%) | — | $2.75 (-14.1%) |
| 2021 | — | $205.5m (38.3%) | $207.4m (1.3%) | — | $3.82 (38.9%) |
| 2022 | — | $222.1m (8.1%) | $284.3m (37.1%) | — | $3.83 (0.3%) |
| 2023 | — | $223.8m (0.8%) | $258.8m (-9.0%) | — | $3.74 (-2.3%) |
| 2024 | — | $201.4m (-10.0%) | $266.2m (2.9%) | — | $3.42 (-8.6%) |
| 2025 | — | $226.0m (12.2%) | $283.6m (6.5%) | — | $3.90 (14.0%) |
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): —
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.