/
DCF Valuation
Base-case fair value
$29.44
Intrinsic $39.25 · 25% MOS
Current price: $12.11
Base-case summary
Our base-case DCF for Viant Technology Inc. (DSP) projects 10 years of free cash flow growth at 15.8% for years 1–5 and 7.9% for years 6–10, anchored to 15.8% historical FCF growth, then applies a 2.5% perpetual growth rate and a 8.0% discount rate. Starting from $59M in trailing free cash flow, this produces an intrinsic value of $39.25 per share. A 25% safety margin gives a fair value of $29.44, suggesting the stock is currently 143% undervalued against the $12.11 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
$59M
Cash & equivalents
$186M
Total debt
$23M
Shares outstanding
63M