FIBK — Valuation Models

Interactive models with editable assumptions. All calculations run client-side.

Valuation Summary

Model	Intrinsic Value	vs Price ($35.18)
DCF	$5.28	-85.0%
Graham Number	$47.49	+35.0%
Reverse DCF	—	—
DDM	$38.73	+10.1%
EV/EBITDA	—	—

Values reflect default assumptions. Adjust inputs in each model below to update.

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: —

Near-term growth (yrs 1–5)(%)Rev: 34.4% / EPS: 115.9%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 6.97%

Computed WACC: 6.97%

Cost of equity (Re)8.47%(Rf 4.30% + β 0.76 × ERP 5.50%)

Cost of debt (Rd)0.00%(no debt / unavailable → 0%)

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)82.35%

Debt weight (D/V)17.65%

Results

Intrinsic Value / share$5.28

Current Price$35.18

Upside / Downside-85.0%

Net Debt (used)-$534.00M

Sensitivity: WACC (rows) × Near-term g (cols)

WACC \ Near-term	107.9%	111.9%	115.9%	119.9%	123.9%
7.0%	$5.28	$5.28	$5.28	$5.28	$5.28
8.0%	$5.28	$5.28	$5.28	$5.28	$5.28
9.0%	$5.28	$5.28	$5.28	$5.28	$5.28
10.0%	$5.28	$5.28	$5.28	$5.28	$5.28
11.0%	$5.28	$5.28	$5.28	$5.28	$5.28

2 — Graham Number

Assumptions

MultiplierGraham used 22.5 (15× P/E × 1.5× P/B)

EPS (trailing)($)Yahoo: $2.94

Book Value / share($)Yahoo: $34.09

Results

Graham Number$47.49

Current Price$35.18

Margin of Safety+35.0%

Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 6.97%

Terminal growth rate(%)

Computed WACC: 6.97%

Cost of equity (Re)8.47%(Rf 4.30% + β 0.76 × ERP 5.50%)

Cost of debt (Rd)0.00%(no debt / unavailable → 0%)

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)82.35%

Debt weight (D/V)17.65%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$35.18

Implied Near-term FCF Growth—

Historical Revenue Growth34.4%

Historical Earnings Growth115.9%

Base FCF (TTM)—

Implied growth is the FCF growth rate (yrs 1–5) that makes the DCF intrinsic value equal the current price. Long-term growth is set to half the implied near-term rate.

4 — Dividend Discount Model (DDM)

Assumptions

Annual dividend D0($/share)Yahoo: $1.88

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$38.73

Current Price$35.18

Upside / Downside+10.1%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: —

Target EV/EBITDA multipleCurrent: —×

Net Debt($B)Default: -$534.00M

Results

Implied Equity Value / share$5.28

Current Price$35.18

Upside / Downside-85.0%

Implied EV$0

← Overview Financial Statements ← Companies