What is Southern First Bancshares Inc worth?
With the base-case assumptions below, a discounted cash flow model on Southern First Bancshares Inc's reported free cash flow gives $86.21 per share. The share price was $60.83 on November 10, 2026, 29% 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% | $72.60 | +19% |
| Base | -5.0% | 9.0% | $86.21 | +42% |
| Bull | 0.0% | 8.0% | $111.59 | +83% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $95.27 | $97.93 | $101.19 | $105.26 | $110.49 |
| 8.0% | $88.59 | $90.32 | $92.36 | $94.81 | $97.80 |
| 9.0% | $83.67 | $84.85 | $86.21 | $87.80 | $89.68 |
| 10.0% | $79.89 | $80.73 | $81.68 | $82.77 | $84.02 |
| 11.0% | $76.89 | $77.51 | $78.19 | $78.97 | $79.85 |
Where the presets come from
Base: years 1 to 5 grow at Southern First Bancshares Inc's revenue growth rate over the last 5 fiscal years (-20.5% 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