Intrinsic value of Cullen/Frost Bankers, Inc. (CFR)

[per Chepakovich valuation model]

other valuations of CFR

[per Chepakovich valuation model]  See other valuations of CFR stock

Previous Close$103.14
Intrinsic Value
Upside potential
Previous Close
$103.14

VALUATION INPUT DATA

Revenue, mln $
Initial revenue growth rate (norm.), %
Variable cost ratio, %
Fixed operating expenses, mln $
Production assets / Revenue, %
Working capital / Revenue, %
Interest rate on debt, %
Life of production assets, yrs
Initial discount rate, %
Shares outstanding, mln
Adjusted equity ratio
Adjusted assets / Revenue
Based on fiscal year data as of 2020-12-31 and quarterly data as of 2021-03-31.
NOTE: The bar chart shows historic and forecasted yearly revenue growth rates. Its purpose is to help you in determining what initial revenue rate you want to base your stock valuation on. Please make sure that you are confident in the value you select - for most stocks it is by far the most important parameter in valuation.
  1. Annual
  2. Quarterly YoY
  3. Quarterly QoQ

Annual revenue growth rates, % (past and forecasted)

show cash flow forecast

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year2020(a)2021202220232024202520262027202820292030203120322033203420352036203720382039204020412042204320442045

INCOME STATEMENT

Revenue growth rate, %-0.8NaN
Revenue, $1486NaN
Variable operating expenses, $mNaN
Fixed operating expenses, $mNaN
Total operating expenses, $m1135NaN
Operating income, $m351NaN
EBITDA, $m539NaN
Interest expense (income), $mNaN
Earnings before tax, $m344NaN
Tax expense, $m20NaN
Net income, $m324NaN

BALANCE SHEET

Cash and short-term investments, $m10313NaN
Total assets, $m42391NaN
Adjusted assets (=assets-cash), $m32078NaN
Average production assets, $m1686NaN
Working capital, $m-9747NaN
Total debt, $m235NaN
Total liabilities, $m38098NaN
Total equity, $m4293NaN
Debt-to-equity ratio0.055NaN
Adjusted equity ratio-0.188NaN

CASH FLOW

Net income, $m324NaN
Depreciation, amort., depletion, $m188NaN
Funds from operations, $mNaN
Change in working capital, $mNaN
Cash from operations, $m524NaN
Maintenance CAPEX, $mNaN
New CAPEX, $mNaN
Total CAPEX, $m-89NaN
Free cash flow, $m614NaN
Issuance/(repurchase) of shares, $mNaN
Retained Cash Flow, $mNaN
Pot'l extraordinary dividend, $m-9747
Cash available for distribution, $mNaN
Discount rate, %NaN
PV of cash for distribution, $mNaN
Current shareholders' claim on cash, %NaN