Discounted Cash Flow

Wintrust Financial Corp.

WTFC · 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 $722.2m $206.9m $275.2m 28.6% $3.83
2017 $832.1m (15.2%) $257.7m (24.6%) $341.8m (24.2%) 31.0% (8.1%) $4.53 (18.3%)
2018 $964.9m (16.0%) $343.2m (33.2%) $308.9m (-9.6%) 35.6% (14.8%) $5.95 (31.3%)
2019 $161.5m (-83.3%) $355.7m (3.7%) $184.0m (-40.4%) 220.3% (519.4%) $6.11 (2.7%)
2020 $170.1m (5.4%) $293.0m (-17.6%) $-582.1m (-416.4%) 172.2% (-21.8%) $4.72 (-22.7%)
2021 $207.2m (21.8%) $466.2m (59.1%) $1.1b (284.5%) 225.0% (30.7%) $7.69 (62.9%)
2022 $217.7m (5.1%) $509.7m (9.3%) $1.3b (23.1%) 234.1% (4.0%) $8.14 (5.9%)
2023 $220.4m (1.3%) $622.6m (22.2%) $698.0m (-47.2%) 282.4% (20.7%) $9.72 (19.4%)
2024 $250.7m (13.7%) $695.0m (11.6%) $635.5m (-8.9%) 277.2% (-1.9%) $10.47 (7.7%)
2025 $265.6m (5.9%) $823.8m (18.5%) $860.4m (35.4%) 310.1% (11.9%) $11.57 (10.5%)

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