/
DCF Valuation
Base-case fair value
$8.55
Intrinsic $11.39 · 25% MOS
Current price: $149.55
Base-case summary
Our base-case DCF for Formfactor Inc (FORM) projects 10 years of free cash flow growth at 2.0% for years 1–5 and 1.0% for years 6–10, anchored to a default 8% growth assumption, then applies a 2.5% perpetual growth rate and a 8.0% discount rate. Starting from $37M in trailing free cash flow, this produces an intrinsic value of $11.39 per share. A 25% safety margin gives a fair value of $8.55, suggesting the stock is currently 94% overvalued against the $149.55 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
$37M
Cash & equivalents
$303M
Total debt
$32M
Shares outstanding
79M