Discounted Cash Flow

MID Penn Bancorp Inc.

MPB · 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 $40.2m $7.8m $21.5m 19.4% $1.85
2017 $43.9m (9.2%) $7.1m (-9.2%) $5.0m (-76.7%) 16.2% (-16.8%) $1.67 (-9.7%)
2018 $68.7m (56.4%) $10.6m (49.5%) $2.0m (-59.6%) 15.4% (-4.4%) $1.48 (-11.4%)
2019 $95.3m (38.8%) $17.7m (67.1%) $3.9m (94.9%) 18.6% (20.3%) $2.09 (41.2%)
2020 $107.9m (13.2%) $26.2m (48.1%) $10.4m (163.2%) 24.3% (30.7%) $3.11 (48.8%)
2021 $123.3m (14.3%) $29.3m (11.9%) $62.4m (500.9%) 23.8% (-2.1%) $2.71 (-12.9%)
2022 $165.6m (34.3%) $54.8m (86.9%) $55.7m (-10.7%) 33.1% (39.2%) $3.44 (26.9%)
2023 $236.3m (42.7%) $37.4m (-31.8%) $49.6m (-11.1%) 15.8% (-52.2%) $2.29 (-33.4%)
2024 $286.6m (21.3%) $49.4m (32.2%) $44.5m (-10.3%) 17.3% (9.0%) $2.90 (26.6%)
2025 $323.8m (13.0%) $56.2m (13.8%) $71.8m (61.5%) 17.4% (0.7%) $2.59 (-10.7%)

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