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DCF Valuation
Base-case fair value
$9.73
Intrinsic $12.97 · 25% MOS
Current price: $4.11
Base-case summary
Our base-case DCF for Butler National Corp (BUKS) projects 10 years of free cash flow growth at 20.0% for years 1–5 and 10.0% for years 6–10, anchored to 20.6% historical FCF growth, then applies a 2.5% perpetual growth rate and a 8.0% discount rate. Starting from $16M in trailing free cash flow, this produces an intrinsic value of $12.97 per share. A 25% safety margin gives a fair value of $9.73, suggesting the stock is currently 137% undervalued against the $4.11 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
$16M
Cash & equivalents
$36M
Total debt
$35M
Shares outstanding
64M