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

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 $314.5m $121.1m $172.1m 38.5% $1.59
2017 $345.2m (9.7%) $116.4m (-3.9%) $244.6m (42.1%) 33.7% (-12.5%) $1.50 (-5.7%)
2018 $76.7m (-77.8%) $181.9m (56.3%) $262.1m (7.1%) 237.2% (603.6%) $2.18 (45.3%)
2019 $69.9m (-8.9%) $210.5m (15.8%) $210.3m (-19.8%) 301.3% (27.0%) $2.39 (9.6%)
2020 $54.5m (-22.0%) $266.4m (26.5%) $177.8m (-15.4%) 488.6% (62.2%) $2.81 (17.6%)
2021 $65.2m (19.6%) $284.8m (6.9%) $562.6m (216.4%) 436.8% (-10.6%) $2.87 (2.1%)
2022 $82.8m (27.1%) $303.2m (6.5%) $447.4m (-20.5%) 366.0% (-16.2%) $2.74 (-4.5%)
2023 $88.5m (6.9%) $222.9m (-26.5%) $451.4m (0.9%) 251.8% (-31.2%) $2.01 (-26.6%)
2024 $94.0m (6.2%) $190.1m (-14.7%) $209.8m (-53.5%) 202.3% (-19.7%) $1.68 (-16.4%)
2025 $101.1m (7.5%) $239.0m (25.7%) $347.6m (65.7%) 236.5% (16.9%) $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