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DCF Valuation
Base-case fair value
$59.92
Intrinsic $79.89 · 25% MOS
Current price: $29.52
Base-case summary
Our base-case DCF for Essential Properties Realty Trust, Inc. (EPRT) projects 10 years of free cash flow growth at 19.3% for years 1–5 and 9.7% for years 6–10, anchored to 19.3% historical FCF growth, then applies a 2.5% perpetual growth rate and a 8.0% discount rate. Starting from $404M in trailing free cash flow, this produces an intrinsic value of $79.89 per share. A 25% safety margin gives a fair value of $59.92, suggesting the stock is currently 103% undervalued against the $29.52 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
$404M
Cash & equivalents
$15M
Total debt
$2.6B
Shares outstanding
212M