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DCF Valuation
Base-case fair value
$221.70
Intrinsic $295.60 · 25% MOS
Current price: $142.41
Base-case summary
Our base-case DCF for Airbnb, Inc. (ABNB) projects 10 years of free cash flow growth at 14.8% for years 1–5 and 7.4% for years 6–10, anchored to 14.8% historical FCF growth, then applies a 2.5% perpetual growth rate and a 8.0% discount rate. Starting from $4.6B in trailing free cash flow, this produces an intrinsic value of $295.60 per share. A 25% safety margin gives a fair value of $221.70, suggesting the stock is currently 56% undervalued against the $142.41 market price.
See 3 scenarios side by side
Conservative, Base, and Optimistic fair values, plus the sensitivity matrix and FCF history. Free account.
Model inputs
TTM Free Cash Flow
$4.6B
Cash & equivalents
$12.0B
Total debt
$2.5B
Shares outstanding
608M