Discounted Cash Flow

Northwest Bancshares, Inc.

NWBI · 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 $49.7m $121.7m $0.50
2017 $94.5m (90.2%) $152.3m (25.2%) $0.94 (88.0%)
2018 $105.5m (11.7%) $133.7m (-12.3%) $1.03 (9.6%)
2019 $110.4m (4.7%) $116.6m (-12.8%) $1.05 (1.9%)
2020 $74.9m (-32.2%) $128.2m (10.0%) $0.62 (-41.0%)
2021 $154.3m (106.2%) $187.9m (46.6%) $1.22 (96.8%)
2022 $133.7m (-13.4%) $171.1m (-9.0%) $1.05 (-13.9%)
2023 $135.0m (1.0%) $84.3m (-50.7%) $1.06 (1.0%)
2024 $100.3m (-25.7%) $125.4m (48.7%) $0.79 (-25.5%)
2025 $126.0m (25.7%) $141.8m (13.1%) $0.93 (17.7%)

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