Discounted Cash Flow

United Bankshares Inc./Wv

UBSI · 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 $441.0m $147.1m $159.5m 33.4% $2.00
2017 $566.0m (28.4%) $150.6m (2.4%) $239.6m (50.2%) 26.6% (-20.2%) $1.54 (-23.0%)
2018 $608.8m (7.6%) $256.3m (70.2%) $286.8m (19.7%) 42.1% (58.3%) $2.46 (59.7%)
2019 $728.4m (19.6%) $260.1m (1.5%) $136.6m (-52.4%) 35.7% (-15.2%) $2.55 (3.7%)
2020 $263.2m (-63.9%) $289.0m (11.1%) $121.4m (-11.1%) 109.8% (207.5%) $2.40 (-5.9%)
2021 $331.0m (25.7%) $367.7m (27.2%) $594.2m (389.3%) 111.1% (1.2%) $2.84 (18.3%)
2022 $312.0m (-5.7%) $379.6m (3.2%) $744.0m (25.2%) 121.7% (9.5%) $2.81 (-1.1%)
2023 $1.1b (238.2%) $366.3m (-3.5%) $423.6m (-43.1%) 34.7% (-71.5%) $2.72 (-3.2%)
2024 $1.0b (-1.9%) $373.0m (1.8%) $433.3m (2.3%) 36.0% (3.8%) $2.76 (1.5%)
2025 $1.2b (19.6%) $464.6m (24.6%) $481.2m (11.0%) 37.5% (4.2%) $3.28 (18.8%)

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