Discounted Cash Flow
Independent Bank Corp. /Mi/
—
—
Average annual growth rates
| Metric | 10-Year | 5-Year | 3-Year |
|---|---|---|---|
| Sales | — | — | — |
| Free Cash Flow | — | — | — |
| Average (FCF & NI) | — | — | — |
| Net Income | — | — | — |
| Dividends | — | — | — |
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 | $121.9m | $22.8m | $20.5m | 18.7% | $1.06 |
| 2017 | $131.7m (8.0%) | $20.5m (-10.1%) | $34.4m (67.4%) | 15.5% (-16.7%) | $0.96 (-9.4%) |
| 2018 | $158.1m (20.0%) | $39.8m (94.6%) | $41.1m (19.5%) | 25.2% (62.1%) | $1.70 (77.1%) |
| 2019 | $170.3m (7.7%) | $46.4m (16.6%) | $29.0m (-29.3%) | 27.3% (8.2%) | $2.03 (19.4%) |
| 2020 | $204.4m (20.0%) | $56.2m (20.9%) | $53.8m (85.2%) | 27.5% (0.8%) | $2.56 (26.1%) |
| 2021 | $206.4m (1.0%) | $62.9m (12.0%) | $104.3m (93.9%) | 30.5% (10.9%) | $2.91 (13.7%) |
| 2022 | $211.5m (2.5%) | $63.4m (0.7%) | $89.0m (-14.7%) | 30.0% (-1.7%) | $3.00 (3.1%) |
| 2023 | $207.0m (-2.1%) | $59.1m (-6.8%) | $69.6m (-21.8%) | 28.5% (-4.8%) | $2.82 (-6.0%) |
| 2024 | $222.6m (7.5%) | $66.8m (13.1%) | $55.2m (-20.6%) | 30.0% (5.1%) | $3.20 (13.5%) |
| 2025 | $225.7m (1.4%) | $68.5m (2.6%) | $70.2m (27.1%) | 30.4% (1.2%) | $3.30 (3.1%) |
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.