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DCF Valuation
Base-case fair value
$0.89
Intrinsic $1.19 · 25% MOS
Current price: $0.42
Base-case summary
Our base-case DCF for Fullnet Communications Inc (FULO) projects 10 years of free cash flow growth at 10.9% for years 1–5 and 5.5% for years 6–10, anchored to 10.9% historical FCF growth, then applies a 2.5% perpetual growth rate and a 8.0% discount rate. Starting from $690293 in trailing free cash flow, this produces an intrinsic value of $1.19 per share. A 25% safety margin gives a fair value of $0.89, suggesting the stock is currently 113% undervalued against the $0.42 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
$690293
Cash & equivalents
$3M
Total debt
$145449
Shares outstanding
20M