What is Stock Yards Bancorp, Inc. worth?
With the base-case assumptions below, a discounted cash flow model on Stock Yards Bancorp, Inc.'s reported free cash flow gives $67.98 per share. The share price was $78.57 on September 25, 2026, 16% above that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | -5.5% | 10.0% | $42.25 | -46% |
| Base | -0.5% | 9.0% | $67.98 | -13% |
| Bull | 4.5% | 8.0% | $118.06 | +50% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $85.69 | $90.98 | $97.44 | $105.53 | $115.92 |
| 8.0% | $72.56 | $75.99 | $80.05 | $84.91 | $90.86 |
| 9.0% | $62.93 | $65.27 | $67.98 | $71.14 | $74.87 |
| 10.0% | $55.55 | $57.22 | $59.11 | $61.27 | $63.76 |
| 11.0% | $49.72 | $50.95 | $52.31 | $53.85 | $55.59 |
Where the presets come from
Base: years 1 to 5 grow at Stock Yards Bancorp, Inc.'s revenue growth rate over the last 4 fiscal years (-0.4% 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