Discounted Cash Flow

South Plains Financial, Inc.

SPFI · 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)
2018 $118.1m $29.3m $23.8m 24.8% $1.98
2019 $132.9m (12.6%) $29.2m (-0.2%) $26.5m (11.4%) 22.0% (-11.4%) $1.74 (-12.1%)
2020 $138.2m (4.0%) $45.4m (55.2%) $2.3m (-91.3%) 32.8% (49.3%) $2.51 (44.3%)
2021 $135.0m (-2.3%) $58.6m (29.2%) $93.4m (3929.0%) 43.4% (32.3%) $3.26 (29.9%)
2022 $161.2m (19.4%) $58.2m (-0.6%) $119.1m (27.6%) 36.1% (-16.7%) $3.35 (2.8%)
2023 $212.0m (31.6%) $62.7m (7.7%) $53.9m (-54.8%) 29.6% (-18.1%) $3.73 (11.3%)
2024 $240.9m (13.6%) $49.7m (-20.8%) $56.0m (4.0%) 20.6% (-30.3%) $3.03 (-18.8%)
2025 $252.0m (4.6%) $58.5m (17.6%) $71.8m (28.2%) 23.2% (12.4%) $3.59 (18.5%)

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