Discounted Cash Flow

Southside Bancshares Inc.

SBSI · 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 $49.3m $80.2m $1.86
2017 $54.3m (10.1%) $82.1m (2.4%) $1.82 (-2.2%)
2018 $74.1m (36.5%) $109.0m (32.7%) $2.12 (16.5%)
2019 $74.6m (0.6%) $64.7m (-40.6%) $2.21 (4.2%)
2020 $82.2m (10.2%) $79.1m (22.2%) $2.47 (11.8%)
2021 $113.4m (38.0%) $147.7m (86.8%) $3.48 (40.9%)
2022 $105.0m (-7.4%) $217.2m (47.0%) $3.27 (-6.0%)
2023 $86.7m (-17.5%) $73.0m (-66.4%) $2.82 (-13.8%)
2024 $88.5m (2.1%) $90.7m (24.3%) $2.92 (3.5%)
2025 $69.2m (-21.8%) $73.5m (-19.0%) $2.30 (-21.2%)

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