Discounted Cash Flow

Southern First Bancshares Inc.

SFST · 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 $45.1m $13.0m $11.7m 28.9% $2.06
2017 $5.2m (-88.6%) $13.0m (0.1%) $11.8m (1.3%) 253.2% (776.4%) $1.86 (-9.7%)
2018 $5.5m (7.6%) $22.3m (70.9%) $29.8m (151.9%) 402.0% (58.8%) $3.02 (62.4%)
2019 $9.9m (79.0%) $27.9m (25.0%) $9.9m (-66.9%) 280.7% (-30.2%) $3.70 (22.5%)
2020 $19.8m (99.4%) $18.3m (-34.2%) $13.3m (35.4%) 92.6% (-67.0%) $2.37 (-35.9%)
2021 $11.4m (-42.5%) $46.7m (154.9%) $51.6m (286.4%) 410.6% (343.3%) $5.96 (151.5%)
2022 $4.2m (-63.1%) $29.1m (-37.7%) $36.4m (-29.5%) 693.5% (68.9%) $3.66 (-38.6%)
2023 $4.0m (-3.9%) $13.4m (-53.9%) $16.4m (-54.9%) 332.7% (-52.0%) $1.67 (-54.4%)
2024 $5.6m (37.8%) $15.5m (15.7%) $24.8m (51.0%) 279.3% (-16.0%) $1.92 (15.0%)
2025 $6.3m (13.0%) $30.4m (95.5%) $29.9m (20.6%) 483.4% (73.1%) $3.75 (95.3%)

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