/
DCF Valuation
Base-case fair value
$94.20
Intrinsic $125.60 · 25% MOS
Current price: $19.39
Base-case summary
Our base-case DCF for Five9, Inc. (FIVN) projects 10 years of free cash flow growth at 20.0% for years 1–5 and 10.0% for years 6–10, anchored to 55.9% historical FCF growth, then applies a 2.5% perpetual growth rate and a 8.0% discount rate. Starting from $216M in trailing free cash flow, this produces an intrinsic value of $125.60 per share. A 25% safety margin gives a fair value of $94.20, suggesting the stock is currently 386% undervalued against the $19.39 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
$216M
Cash & equivalents
$724M
Total debt
$800M
Shares outstanding
86M