Discounted Cash Flow

Huntington Bancshares Inc. /Md/

HBAN · 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 $3.5b $711.8m $1.1b 20.2% $0.72
2017 $4.3b (22.4%) $1.2b (66.6%) $1.8b (60.8%) 27.5% (36.1%) $1.02 (41.7%)
2018 $4.5b (4.7%) $1.4b (17.5%) $1.6b (-8.2%) 30.9% (12.2%) $1.22 (19.6%)
2019 $4.7b (3.5%) $1.4b (1.3%) $1.5b (-9.2%) 30.2% (-2.1%) $1.29 (5.7%)
2020 $4.8b (3.2%) $817.0m (-42.1%) $1.2b (-17.9%) 17.0% (-43.9%) $0.71 (-45.0%)
2021 $6.0b (24.4%) $1.3b (58.5%) $1.8b (50.7%) 21.6% (27.4%) $0.91 (28.2%)
2022 $7.3b (21.1%) $2.2b (72.8%) $3.8b (110.1%) 30.9% (42.7%) $1.47 (61.5%)
2023 $7.4b (1.5%) $2.0b (-12.8%) $2.5b (-34.0%) 26.5% (-14.1%) $1.26 (-14.3%)
2024 $7.4b (0.3%) $1.9b (-0.6%) $1.7b (-33.6%) 26.3% (-0.9%) $1.24 (-1.6%)
2025 $8.2b (10.6%) $2.2b (14.0%) $2.2b (32.5%) 27.1% (3.1%) $1.41 (13.7%)

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