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DCF Valuation
Base-case fair value
$46.18
Intrinsic $61.57 · 25% MOS
Current price: $24.63
Base-case summary
Our base-case DCF for Gentex Corp (GNTX) projects 10 years of free cash flow growth at 9.7% for years 1–5 and 4.9% for years 6–10, anchored to 9.7% historical FCF growth, then applies a 2.5% perpetual growth rate and a 8.0% discount rate. Starting from $466M in trailing free cash flow, this produces an intrinsic value of $61.57 per share. A 25% safety margin gives a fair value of $46.18, suggesting the stock is currently 87% undervalued against the $24.63 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
$466M
Cash & equivalents
$175M
Total debt
$11M
Shares outstanding
211M