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DCF Valuation
Base-case fair value
$920.68
Intrinsic $1227.57 · 25% MOS
Current price: $849.20
Base-case summary
Our base-case DCF for EMCOR Group, Inc. (EME) projects 10 years of free cash flow growth at 20.0% for years 1–5 and 10.0% for years 6–10, anchored to 30.7% historical FCF growth, then applies a 2.5% perpetual growth rate and a 8.0% discount rate. Starting from $1.1B in trailing free cash flow, this produces an intrinsic value of $1227.57 per share. A 25% safety margin gives a fair value of $920.68, suggesting the stock is currently 8% undervalued against the $849.20 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
$1.1B
Cash & equivalents
$916M
Total debt
$517M
Shares outstanding
45M