Discounted Cash Flow
Merchants Bancorp
—
—
Average annual growth rates
| Metric | 10-Year | 5-Year | 3-Year |
|---|---|---|---|
| Sales | — | — | — |
| Free Cash Flow | — | — | — |
| Average (FCF & NI) | — | — | — |
| Net Income | — | — | — |
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) |
|---|---|---|---|---|---|
| 2017 | $94.4m | $54.7m | $-176.7m | 57.9% | $2.28 |
| 2018 | $140.6m (48.9%) | $62.9m (15.0%) | $194.4m (210.0%) | 44.7% (-22.8%) | $2.08 (-8.8%) |
| 2019 | $212.0m (50.8%) | $77.3m (23.0%) | $77.3m (-60.2%) | 36.5% (-18.5%) | $2.37 (13.9%) |
| 2020 | $282.8m (33.4%) | $180.5m (133.5%) | $-878.5m (-1236.1%) | 63.8% (75.0%) | $5.78 (143.9%) |
| 2021 | $311.9m (10.3%) | $227.1m (25.8%) | $-52.9m (94.0%) | 72.8% (14.1%) | $4.78 (-17.3%) |
| 2022 | $480.8m (54.2%) | $219.7m (-3.3%) | $969.0m (1933.1%) | 45.7% (-37.2%) | $4.49 (-6.1%) |
| 2023 | $1.1b (124.2%) | $279.2m (27.1%) | $-363.9m (-137.6%) | 25.9% (-43.3%) | $5.66 (26.1%) |
| 2024 | $1.3b (20.9%) | $320.4m (14.7%) | $-853.7m (-134.6%) | 24.6% (-5.1%) | $6.32 (11.7%) |
| 2025 | $1.2b (-7.8%) | $218.8m (-31.7%) | $-362.2m (57.6%) | 18.2% (-25.9%) | $3.78 (-40.2%) |
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.