Discounted Cash Flow

Hancock Whitney Corp.

HWC · 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 $149.3m $321.5m $1.87
2017 $215.6m (44.4%) $390.8m (21.6%) $2.49 (33.2%)
2018 $323.8m (50.1%) $398.5m (2.0%) $3.72 (49.4%)
2019 $327.4m (1.1%) $309.2m (-22.4%) $3.72 (0.0%)
2020 $-45.2m (-113.8%) $317.3m (2.6%) $-0.54 (-114.5%)
2021 $463.2m (1125.4%) $562.1m (77.2%) $5.23 (1068.5%)
2022 $524.1m (13.1%) $812.9m (44.6%) $6.00 (14.7%)
2023 $392.6m (-25.1%) $470.2m (-42.2%) $4.51 (-24.8%)
2024 $460.8m (17.4%) $615.5m (30.9%) $5.30 (17.5%)
2025 $486.1m (5.5%) $523.1m (-15.0%) $5.70 (7.5%)

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