Discounted Cash Flow

Unity Bancorp Inc. /Nj/

UNTY · 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 $47.0m $13.2m $-807.0k 28.1% $1.40
2017 $55.3m (17.6%) $12.9m (-2.4%) $12.9m (1703.5%) 23.3% (-17.0%) $1.22 (-12.9%)
2018 $67.3m (21.6%) $21.9m (70.0%) $37.1m (186.6%) 32.6% (39.8%) $2.04 (67.2%)
2019 $75.6m (12.5%) $23.7m (7.9%) $32.5m (-12.4%) 31.3% (-4.1%) $2.18 (6.9%)
2020 $78.9m (4.3%) $23.6m (-0.0%) $33.2m (2.1%) 30.0% (-4.2%) $2.21 (1.4%)
2021 $84.8m (7.4%) $36.1m (52.8%) $22.2m (-33.1%) 42.6% (42.2%) $3.47 (57.0%)
2022 $100.7m (18.8%) $38.5m (6.5%) $41.2m (85.7%) 38.2% (-10.4%) $3.66 (5.5%)
2023 $143.5m (42.4%) $39.7m (3.3%) $46.0m (11.6%) 27.7% (-27.5%) $3.89 (6.3%)
2024 $155.7m (8.5%) $41.5m (4.4%) $47.3m (2.9%) 26.6% (-3.8%) $4.13 (6.2%)
2025 $173.6m (11.5%) $58.0m (39.8%) $44.3m (-6.2%) 33.4% (25.4%) $5.78 (40.0%)

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