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DCF Valuation
Base-case fair value
$28.84
Intrinsic $38.45 · 25% MOS
Current price: $33.93
Base-case summary
Our base-case DCF for CBIZ, Inc. (CBZ) projects 10 years of free cash flow growth at 7.5% for years 1–5 and 3.8% for years 6–10, anchored to 7.5% historical FCF growth, then applies a 2.5% perpetual growth rate and a 8.0% discount rate. Starting from $176M in trailing free cash flow, this produces an intrinsic value of $38.45 per share. A 25% safety margin gives a fair value of $28.84, suggesting the stock is currently 15% overvalued against the $33.93 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
$176M
Cash & equivalents
$18M
Total debt
$1.8B
Shares outstanding
63M