Discounted Cash Flow

Valley National Bancorp

VLY · 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 $168.1m $398.5m $0.63
2017 $161.9m (-3.7%) $601.1m (50.9%) $0.58 (-7.9%)
2018 $261.4m (61.5%) $567.1m (-5.7%) $0.75 (29.3%)
2019 $309.8m (18.5%) $1.4b (154.0%) $0.88 (17.3%)
2020 $390.6m (26.1%) $126.9m (-91.2%) $0.94 (6.8%)
2021 $473.8m (21.3%) $797.7m (528.5%) $1.13 (20.2%)
2022 $568.9m (20.1%) $1.4b (70.4%) $1.14 (0.9%)
2023 $498.5m (-12.4%) $302.1m (-77.8%) $0.95 (-16.7%)
2024 $380.3m (-23.7%) $532.4m (76.2%) $0.70 (-26.3%)
2025 $598.0m (57.3%) $325.7m (-38.8%) $1.02 (45.7%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Values abbreviated: b = billions, m = millions, k = thousands.

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