Discounted Cash Flow

Metropolitan Bank Holding Corp.

MCB · 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)
2018 $83.9m $36.8m $25.1m 43.8% $3.12
2019 $129.8m (54.6%) $44.1m (19.8%) $34.1m (36.0%) 34.0% (-22.5%) $3.63 (16.3%)
2020 $143.1m (10.3%) $57.9m (31.4%) $83.4m (144.3%) 40.5% (19.2%) $4.76 (31.1%)
2021 $173.3m (21.1%) $89.6m (54.6%) $33.3m (-60.1%) 51.7% (27.7%) $6.64 (39.5%)
2022 $260.7m (50.5%) $96.9m (8.2%) $66.6m (100.2%) 37.2% (-28.1%) $5.42 (-18.4%)
2023 $375.4m (44.0%) $106.9m (10.3%) $36.7m (-45.0%) 28.5% (-23.4%) $6.95 (28.2%)
2024 $468.4m (24.8%) $97.1m (-9.2%) $145.8m (297.6%) 20.7% (-27.2%) $5.97 (-14.1%)
2025 $515.3m (10.0%) $101.5m (4.6%) $82.4m (-43.5%) 19.7% (-5.0%) $6.71 (12.4%)

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