Discounted Cash Flow

Medallion Financial Corp.

MFIN · 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
Dividends

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 $12.4m $23.5m 188.9% $0.35
2017 $5.9m (-53.0%) $278.0k (-98.8%) 4.7% (-97.5%) $0.01 (-97.1%)
2018 $72.5m (1137.9%) $-22.7m (-8279.5%) $67.8m -31.4% (-760.7%) $-1.03 (-10400.0%)
2019 $97.5m (34.6%) $2.0m (108.8%) $2.0m (-97.1%) 2.0% (106.5%) $-0.07 (93.2%)
2020 $110.8m (13.6%) $-26.9m (-1448.0%) $63.1m (3062.6%) -24.3% (-1286.3%) $-1.42 (-1928.6%)
2021 $127.8m (15.4%) $57.7m (314.3%) $59.4m (-5.9%) 45.1% (285.7%) $2.20 (254.9%)
2022 $162.2m (26.9%) $49.9m (-13.5%) $88.0m (48.3%) 30.7% (-31.8%) $1.86 (-15.5%)
2023 $189.9m (17.0%) $61.1m (22.5%) $102.2m (16.1%) 32.2% (4.7%) $2.45 (31.7%)
2024 $203.1m (7.0%) $41.9m (-31.4%) $107.8m (5.5%) 20.6% (-35.9%) $1.59 (-35.1%)
2025 $243.4m (19.8%) $55.3m (32.0%) $111.5m (3.4%) 22.7% (10.1%) $1.89 (18.9%)

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