Intrinsic value of First Horizon National Corporation (FHN)

[per Chepakovich valuation model]

other valuations of FHN

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

Previous Close$18.20
Intrinsic Value
Upside potential
Previous Close
$18.20

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 2020-12-31.
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, %48.8NaN
Revenue, $3390NaN
Variable operating expenses, $mNaN
Fixed operating expenses, $mNaN
Total operating expenses, $m2457NaN
Operating income, $m933NaN
EBITDA, $m995NaN
Interest expense (income), $mNaN
Earnings before tax, $m898NaN
Tax expense, $m76NaN
Net income, $m822NaN

BALANCE SHEET

Cash and short-term investments, $m11175NaN
Total assets, $m84209NaN
Adjusted assets (=assets-cash), $m73034NaN
Average production assets, $m2322NaN
Working capital, $m-3067NaN
Total debt, $m1670NaN
Total liabilities, $m75902NaN
Total equity, $m8307NaN
Debt-to-equity ratio0.201NaN
Adjusted equity ratio-0.039NaN

CASH FLOW

Net income, $m822NaN
Depreciation, amort., depletion, $m62NaN
Funds from operations, $mNaN
Change in working capital, $mNaN
Cash from operations, $m172NaN
Maintenance CAPEX, $mNaN
New CAPEX, $mNaN
Total CAPEX, $m-46NaN
Free cash flow, $m218NaN
Issuance/(repurchase) of shares, $mNaN
Retained Cash Flow, $mNaN
Pot'l extraordinary dividend, $m-3067
Cash available for distribution, $mNaN
Discount rate, %NaN
PV of cash for distribution, $mNaN
Current shareholders' claim on cash, %NaN