Discounted Cash Flow

Midland States Bancorp, Inc.

MSBI · Based on 10 years of SEC filings

DCF estimate unavailable — loss_in_2025

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)
2017 $153.1m $16.1m $64.3m 10.5% $0.89
2018 $223.4m (45.9%) $39.4m (145.5%) $89.9m (39.8%) 17.6% (68.3%) $1.69 (89.9%)
2019 $249.5m (11.7%) $55.8m (41.5%) $113.9m (26.7%) 22.4% (26.7%) $2.28 (34.9%)
2020 $244.9m (-1.9%) $22.5m (-59.6%) $22.5m (-80.2%) 9.2% (-58.8%) $0.95 (-58.3%)
2021 $237.8m (-2.9%) $81.3m (260.8%) $331.7m (1371.9%) 34.2% (271.5%) $3.58 (276.8%)
2022 $301.8m (26.9%) $99.0m (21.8%) $233.3m (-29.7%) 32.8% (-4.0%) $4.24 (18.4%)
2023 $404.3m (34.0%) $75.5m (-23.8%) $145.9m (-37.5%) 18.7% (-43.1%) $2.97 (-30.0%)
2024 $426.1m (5.4%) $38.0m (-49.6%) $169.6m (16.3%) 8.9% (-52.2%) $1.32 (-55.6%)
2025 $387.9m (-9.0%) $-124.3m (-426.7%) $120.3m (-29.1%) -32.0% (-458.9%) $-6.12 (-563.6%)

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

loss_in_2025

Once the company meets all DCF eligibility criteria (sufficient history, profitability, growth trends), an estimate will become available automatically. No action is needed.