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DCF Valuation
Base-case fair value
$130.57
Intrinsic $174.09 · 25% MOS
Current price: $35.97
Base-case summary
Our base-case DCF for BILL Holdings, Inc. (BILL) projects 10 years of free cash flow growth at 20.0% for years 1–5 and 10.0% for years 6–10, anchored to 28.6% historical FCF growth, then applies a 2.5% perpetual growth rate and a 8.0% discount rate. Starting from $383M in trailing free cash flow, this produces an intrinsic value of $174.09 per share. A 25% safety margin gives a fair value of $130.57, suggesting the stock is currently 263% undervalued against the $35.97 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
$383M
Cash & equivalents
$2.2B
Total debt
$1.9B
Shares outstanding
113M