Discounted Cash Flow

Investar Holding Corp.

ISTR · 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 $7.9m $33.3m $1.11
2017 $8.2m (4.1%) $7.4m (-77.9%) $0.96 (-13.5%)
2018 $13.6m (65.9%) $11.5m (55.6%) $1.41 (46.9%)
2019 $16.8m (23.8%) $18.6m (61.8%) $1.68 (19.1%)
2020 $13.9m (-17.5%) $17.7m (-4.4%) $1.27 (-24.4%)
2021 $8.0m (-42.4%) $33.5m (88.6%) $0.77 (-39.4%)
2022 $35.7m (346.4%) $41.7m (24.5%) $3.54 (359.7%)
2023 $16.7m (-53.3%) $25.2m (-39.6%) $1.69 (-52.3%)
2024 $20.3m (21.4%) $15.4m (-38.7%) $2.06 (21.9%)
2025 $22.9m (13.1%) $16.8m (9.2%) $2.22 (7.8%)

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