Discounted Cash Flow

International Bancshares Corp.

IBOC · 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 $133.9m $164.4m $2.03
2017 $157.4m (17.5%) $182.5m (11.0%) $2.38 (17.2%)
2018 $215.9m (37.2%) $208.5m (14.2%) $3.27 (37.4%)
2019 $205.1m (-5.0%) $282.0m (35.3%) $3.13 (-4.3%)
2020 $167.3m (-18.4%) $298.4m (5.8%) $2.63 (-16.0%)
2021 $253.9m (51.8%) $281.3m (-5.7%) $4.01 (52.5%)
2022 $300.2m (18.2%) $368.7m (31.1%) $4.79 (19.5%)
2023 $411.8m (37.1%) $446.9m (21.2%) $6.63 (38.4%)
2024 $409.2m (-0.6%) $459.8m (2.9%) $6.58 (-0.8%)
2025 $412.3m (0.8%) $472.9m (2.9%) $6.63 (0.8%)

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