What is Choiceone Financial Services Inc worth?
With the base-case assumptions below, a discounted cash flow model on Choiceone Financial Services Inc's reported free cash flow gives $66.26 per share. The share price was $37.05 on November 10, 2026, 44% below that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 10.0% | 10.0% | $42.92 | +16% |
| Base | 15.0% | 9.0% | $66.26 | +79% |
| Bull | 20.0% | 8.0% | $109.72 | +196% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $83.93 | $89.44 | $96.17 | $104.59 | $115.41 |
| 8.0% | $70.66 | $74.23 | $78.45 | $83.52 | $89.71 |
| 9.0% | $61.00 | $63.44 | $66.26 | $69.55 | $73.44 |
| 10.0% | $53.68 | $55.41 | $57.38 | $59.63 | $62.23 |
| 11.0% | $47.95 | $49.22 | $50.64 | $52.24 | $54.06 |
Where the presets come from
Base: years 1 to 5 grow at Choiceone Financial Services Inc's revenue growth rate over the last 3 fiscal years (36.7% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions