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DCF Valuation
Base-case fair value
$111.89
Intrinsic $149.19 · 25% MOS
Current price: $70.33
Base-case summary
Our base-case DCF for COMMERCIAL METALS Co (CMC) projects 10 years of free cash flow growth at 20.0% for years 1–5 and 10.0% for years 6–10, anchored to 54.8% historical FCF growth, then applies a 2.5% perpetual growth rate and a 8.0% discount rate. Starting from $394M in trailing free cash flow, this produces an intrinsic value of $149.19 per share. A 25% safety margin gives a fair value of $111.89, suggesting the stock is currently 59% undervalued against the $70.33 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
$394M
Cash & equivalents
$504M
Total debt
$3.7B
Shares outstanding
112M