Intrinsic value of Heritage Commerce Corp (HTBK)

[per Chepakovich valuation model]

other valuations of HTBK

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

Previous Close$10.66
Intrinsic Value
Upside potential
Previous Close
$10.66

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, %6.9NaN
Revenue, $152NaN
Variable operating expenses, $mNaN
Fixed operating expenses, $mNaN
Total operating expenses, $m103NaN
Operating income, $m49NaN
EBITDA, $m59NaN
Interest expense (income), $mNaN
Earnings before tax, $m49NaN
Tax expense, $m14NaN
Net income, $m35NaN

BALANCE SHEET

Cash and short-term investments, $m31NaN
Total assets, $m4634NaN
Adjusted assets (=assets-cash), $m4603NaN
Average production assets, $m219NaN
Working capital, $m-1322NaN
Total debt, $m75NaN
Total liabilities, $m4056NaN
Total equity, $m578NaN
Debt-to-equity ratio0.130NaN
Adjusted equity ratio0.120NaN

CASH FLOW

Net income, $m35NaN
Depreciation, amort., depletion, $m10NaN
Funds from operations, $mNaN
Change in working capital, $mNaN
Cash from operations, $m58NaN
Maintenance CAPEX, $mNaN
New CAPEX, $mNaN
Total CAPEX, $m-3NaN
Free cash flow, $m61NaN
Issuance/(repurchase) of shares, $mNaN
Retained Cash Flow, $mNaN
Pot'l extraordinary dividend, $m-1322
Cash available for distribution, $mNaN
Discount rate, %NaN
PV of cash for distribution, $mNaN
Current shareholders' claim on cash, %NaN