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DCF Valuation
Base-case fair value
$51.15
Intrinsic $68.19 · 25% MOS
Current price: $26.68
Base-case summary
Our base-case DCF for Box Inc (BOX) projects 10 years of free cash flow growth at 9.1% for years 1–5 and 4.6% for years 6–10, anchored to 9.1% historical FCF growth, then applies a 2.5% perpetual growth rate and a 8.0% discount rate. Starting from $363M in trailing free cash flow, this produces an intrinsic value of $68.19 per share. A 25% safety margin gives a fair value of $51.15, suggesting the stock is currently 92% undervalued against the $26.68 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
$363M
Cash & equivalents
$477M
Total debt
$564M
Shares outstanding
140M