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
Dividends

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 $1.0b $206.9m $275.2m 19.7% $3.83
2017 $1.2b (9.9%) $257.7m (24.6%) $341.8m (24.2%) 22.4% (13.3%) $4.53 (18.3%)
2018 $1.3b (14.7%) $343.2m (33.2%) $308.9m (-9.6%) 26.0% (16.1%) $5.95 (31.3%)
2019 $1.5b (10.7%) $355.7m (3.7%) $184.0m (-40.4%) 24.3% (-6.3%) $6.11 (2.7%)
2020 $1.6b (12.4%) $293.0m (-17.6%) $-582.1m (-416.4%) 17.8% (-26.7%) $4.72 (-22.7%)
2021 $1.7b (4.1%) $466.2m (59.1%) $1.1b (284.5%) 27.2% (52.9%) $7.69 (62.9%)
2022 $2.0b (14.3%) $509.7m (9.3%) $1.3b (23.1%) 26.1% (-4.4%) $8.14 (5.9%)
2023 $2.3b (16.1%) $622.6m (22.2%) $698.0m (-47.2%) 27.4% (5.2%) $9.72 (19.4%)
2024 $2.5b (7.9%) $695.0m (11.6%) $635.5m (-8.9%) 28.4% (3.5%) $10.47 (7.7%)
2025 $2.7b (11.2%) $823.8m (18.5%) $860.4m (35.4%) 30.2% (6.6%) $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