Discounted Cash Flow

Trustco Bank Corp. N Y

TRST · 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 $42.6m $52.8m $0.45
2017 $43.1m (1.3%) $58.1m (9.9%) $0.45 (0.7%)
2018 $61.4m (42.4%) $64.0m (10.2%) $0.64 (41.9%)
2019 $57.8m (-5.9%) $59.9m (-6.4%) $0.60 (-6.3%)
2020 $52.5m (-9.3%) $58.3m (-2.6%) $0.54 (-8.9%)
2021 $61.5m (17.3%) $52.5m (-9.9%) $3.19 (487.1%)
2022 $75.2m (22.3%) $74.8m (42.5%) $3.93 (23.0%)
2023 $58.6m (-22.0%) $58.5m (-21.9%) $3.08 (-21.6%)
2024 $48.8m (-16.7%) $54.6m (-6.7%) $2.57 (-16.6%)
2025 $61.1m (25.2%) $45.7m (-16.2%) $3.26 (26.8%)

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