Discounted Cash Flow

Third Coast Bancshares, Inc.

TCBX · 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)
2020 $82.2m $12.1m $-5.0m 14.7% $1.94
2021 $100.6m (22.3%) $11.4m (-5.7%) $-1.0m (79.3%) 11.4% (-22.9%) $1.45 (-25.3%)
2022 $153.9m (53.0%) $18.7m (63.3%) $9.6m (1026.8%) 12.1% (6.7%) $1.28 (-11.7%)
2023 $266.5m (73.1%) $33.4m (79.0%) $35.6m (271.2%) 12.5% (3.4%) $2.11 (64.8%)
2024 $328.4m (23.2%) $47.7m (42.7%) $33.4m (-6.4%) 14.5% (15.9%) $3.14 (48.8%)
2025 $354.0m (7.8%) $66.3m (39.1%) $48.2m (44.3%) 18.7% (29.0%) $4.45 (41.7%)

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