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DCF Valuation
Base-case fair value
$63.65
Intrinsic $84.87 · 25% MOS
Current price: $128.50
Base-case summary
Our base-case DCF for Blackstone Inc. (BX) projects 10 years of free cash flow growth at 2.4% for years 1–5 and 1.2% for years 6–10, anchored to 2.4% historical FCF growth, then applies a 2.5% perpetual growth rate and a 8.0% discount rate. Starting from $4.4B in trailing free cash flow, this produces an intrinsic value of $84.87 per share. A 25% safety margin gives a fair value of $63.65, suggesting the stock is currently 50% overvalued against the $128.50 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
$4.4B
Cash & equivalents
$2.4B
Total debt
$14.3B
Shares outstanding
786M