Discounted Cash Flow

Shore Bancshares Inc.

SHBI · 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 $38.2m $9.6m $18.3m 25.2% $0.76
2017 $45.5m (19.0%) $11.3m (16.8%) $16.2m (-11.6%) 24.7% (-1.8%) $0.89 (17.1%)
2018 $50.6m (11.2%) $25.0m (122.0%) $17.2m (6.1%) 49.4% (99.6%) $1.96 (120.2%)
2019 $9.5m (-81.3%) $16.2m (-35.2%) $11.5m (-33.0%) 171.2% (246.7%) $1.27 (-35.2%)
2020 $9.2m (-2.7%) $15.7m (-2.9%) $16.1m (39.6%) 170.9% (-0.2%) $1.27 (0.0%)
2021 $11.0m (19.6%) $15.4m (-2.3%) $-11.0m (-168.2%) 139.6% (-18.3%) $1.17 (-7.9%)
2022 $15.3m (39.4%) $31.2m (102.9%) $50.2m (558.6%) 203.2% (45.6%) $1.57 (34.2%)
2023 $18.3m (19.5%) $11.2m (-64.0%) $16.8m (-66.6%) 61.2% (-69.9%) $0.42 (-73.2%)
2024 $20.9m (14.0%) $43.9m (290.9%) $41.7m (148.6%) 209.9% (242.8%) $1.32 (214.3%)
2025 $20.9m (-0.3%) $59.5m (35.6%) $59.2m (42.1%) 285.4% (36.0%) $1.78 (34.8%)

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