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Intrinsic Value of Synovus Financial Corp. (SNV)

Previous Close$26.26
Intrinsic Value
Upside potential
Previous Close
$26.26

VALUATION INPUT DATA

This valuation is based on fiscal year data as of 2022-12-31 and quarterly data as of 2023-06-30.

  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 year2022(a)2023202420252026202720282029203020312032203320342035203620372038203920402041204220432044204520462047

INCOME STATEMENT

Revenue growth rate, %18.2NaN
Revenue, $2485NaN
Variable operating expenses, $mNaN
Fixed operating expenses, $mNaN
Total operating expenses, $m1531NaN
Operating income, $m954NaN
EBITDA, $m1024NaN
Interest expense (income), $mNaN
Earnings before tax, $m931NaN
Tax expense, $m206NaN
Net income, $m725NaN

BALANCE SHEET

Cash and short-term investments, $m1978NaN
Total assets, $m59731NaN
Adjusted assets (=assets-cash), $m57754NaN
Average production assets, $m873NaN
Working capital, $m-3979NaN
Total debt, $m5551NaN
Total liabilities, $m55256NaN
Total equity, $m4476NaN
Debt-to-equity ratio1.240NaN
Adjusted equity ratio0.068NaN

CASH FLOW

Net income, $m725NaN
Depreciation, amort., depletion, $m69NaN
Funds from operations, $mNaN
Change in working capital, $mNaN
Cash from operations, $m1191NaN
Maintenance CAPEX, $mNaN
New CAPEX, $mNaN
Total CAPEX, $m-30NaN
Free cash flow, $m1222NaN
Issuance/(repurchase) of shares, $mNaN
Retained Cash Flow, $mNaN
Pot'l extraordinary dividend, $m-3979
Cash available for distribution, $mNaN
Discount rate, %NaN
PV of cash for distribution, $mNaN
Current shareholders' claim on cash, %NaN

Company description

Synovus Financial Corp. operates as the bank holding company for Synovus Bank that provides commercial and consumer banking products and services. It operates through four segments: Community Banking, Wholesale Banking, Consumer Banking, and Financial Management Services. The company's commercial banking services include treasury and asset management, capital market, and institutional trust services, as well as commercial, financial, and real estate loans. Its consumer banking services comprise accepting customary types of demand and savings deposits accounts; mortgage, installment, and other consumer loans; investment and brokerage services; safe deposit services; automated banking services; automated fund transfers; internet-based banking services; and bank credit and debit card services. The company also offers various other financial services, including portfolio management for fixed-income securities, investment banking, execution of securities transactions as a broker/dealer, and trust and financial planning services, as well as provides individual investment advice on equity and other securities. The company was founded in 1888 and is headquartered in Columbus, Georgia.
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