Discounted Cash Flow

Glacier Bancorp, Inc.

GBCI · 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
Dividends

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 $421.8m $121.1m $172.1m 28.7% $1.59
2017 $457.4m (8.4%) $116.4m (-3.9%) $244.6m (42.1%) 25.4% (-11.4%) $1.50 (-5.7%)
2018 $552.3m (20.7%) $181.9m (56.3%) $262.1m (7.1%) 32.9% (29.4%) $2.18 (45.3%)
2019 $634.2m (14.8%) $210.5m (15.8%) $210.3m (-19.8%) 33.2% (0.8%) $2.39 (9.6%)
2020 $772.6m (21.8%) $266.4m (26.5%) $177.8m (-15.4%) 34.5% (3.9%) $2.81 (17.6%)
2021 $807.3m (4.5%) $284.8m (6.9%) $562.6m (216.4%) 35.3% (2.3%) $2.87 (2.1%)
2022 $909.1m (12.6%) $303.2m (6.5%) $447.4m (-20.5%) 33.4% (-5.4%) $2.74 (-4.5%)
2023 $809.8m (-10.9%) $222.9m (-26.5%) $451.4m (0.9%) 27.5% (-17.5%) $2.01 (-26.6%)
2024 $833.1m (2.9%) $190.1m (-14.7%) $209.8m (-53.5%) 22.8% (-17.1%) $1.68 (-16.4%)
2025 $1.0b (23.7%) $239.0m (25.7%) $347.6m (65.7%) 23.2% (1.6%) $2.00 (19.0%)

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):

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