Discounted Cash Flow

Trico Bancshares /

TCBK · 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
Dividends

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 $212.6m $44.8m $37.3m 21.1% $1.96
2017 $224.1m (5.4%) $40.6m (-9.5%) $40.2m (7.8%) 18.1% (-14.1%) $1.77 (-9.7%)
2018 $264.4m (18.0%) $68.3m (68.5%) $83.6m (108.0%) 25.8% (42.8%) $2.57 (45.2%)
2019 $310.6m (17.5%) $92.1m (34.8%) $98.5m (17.8%) 29.6% (14.7%) $3.02 (17.5%)
2020 $312.9m (0.8%) $64.8m (-29.6%) $112.0m (13.7%) 20.7% (-30.1%) $2.17 (-28.1%)
2021 $335.2m (7.1%) $117.7m (81.5%) $129.0m (15.2%) 35.1% (69.5%) $3.96 (82.5%)
2022 $409.0m (22.0%) $125.4m (6.6%) $159.3m (23.5%) 30.7% (-12.6%) $3.85 (-2.8%)
2023 $418.1m (2.2%) $117.4m (-6.4%) $134.0m (-15.9%) 28.1% (-8.4%) $3.53 (-8.3%)
2024 $395.8m (-5.3%) $114.9m (-2.1%) $105.2m (-21.5%) 29.0% (3.3%) $3.47 (-1.7%)
2025 $419.2m (5.9%) $121.6m (5.8%) $127.9m (21.7%) 29.0% (-0.1%) $3.72 (7.2%)

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