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DCF Valuation
Base-case fair value
$42.57
Intrinsic $56.75 · 25% MOS
Base-case summary
Our base-case DCF for Leonardo DRS, Inc. (DRS) 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 $301M in trailing free cash flow, this produces an intrinsic value of $56.75 per share. A 25% safety margin gives a fair value of $42.57.
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
$301M
Cash & equivalents
$328M
Total debt
$272M
Shares outstanding
269M