Discounted Cash Flow

Westamerica Bancorporation

WABC · 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 $58.9m $75.8m $2.30
2017 $50.0m (-15.0%) $78.0m (2.9%) $1.90 (-17.4%)
2018 $71.6m (43.1%) $93.5m (19.8%) $2.69 (41.6%)
2019 $80.4m (12.3%) $76.7m (-18.0%) $2.98 (10.8%)
2020 $80.4m (0.0%) $105.5m (37.6%) $2.98 (0.0%)
2021 $86.5m (7.6%) $87.4m (-17.2%) $3.22 (8.1%)
2022 $122.0m (41.1%) $112.9m (29.1%) $4.54 (41.0%)
2023 $161.8m (32.6%) $157.0m (39.1%) $6.06 (33.5%)
2024 $138.6m (-14.3%) $139.8m (-11.0%) $5.20 (-14.2%)
2025 $116.2m (-16.2%) $119.7m (-14.4%) $4.52 (-13.1%)

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