Inclusio SA (INCLU.XBRU) DCF Valuation
Every assumption below is yours to change. The defaults are derived from this company's own filing history, not from a house view.
Conservative
€-10.93
169% overvaluedvs €15.85
Base
€-9.60
161% overvaluedvs €15.85
Optimistic
€-8.03
151% overvaluedvs €15.85
Where today's price sits
Today's price falls outside the modelled range.
Verdict
Today's price sits above all three scenarios. Under these assumptions the stock looks overvalued, so either the growth inputs are too conservative or the price is ahead of the cash flows.
Base free cash flow
€3M
Trailing twelve months
Historical FCF CAGR
+5.0%
Across 6 reported periods
Market implies
30.4%
Growth needed at 8% WACC
Terminal value share
60%
Of the base case valuation
Growth needed to justify today's price
At a 8.0% discount rate, today's price already assumes 30.4% annual free cash flow growth for ten years. Your base case assumes 5.0%, so the market is paying for growth you are not forecasting.
Curve holds terminal growth at 2.5%, years 6 to 10 at half the first-stage rate, and applies no safety margin.
Free cash flow history
The most recent period is the base every projection starts from. Compounded, that history is +5.0% a year.
Inclusio SA (INCLU.XBRU) DCF: intrinsic value and margin of safety
Intrinsiqq's two-stage DCF values Inclusio SA (INCLU.XBRU) at about €-12.80 per share, or €-9.60 with a 25% margin of safety. At €15.85 the stock looks overvalued. Every assumption is adjustable below; this is analysis, not investment advice.
Frequently asked
What is Inclusio SA's (INCLU.XBRU) fair value?+
Intrinsiqq's two-stage discounted cash flow (DCF) model estimates an intrinsic value of about €-12.80 per share for INCLU.XBRU. It projects recent free cash flow forward at a growth rate that fades toward a long-run rate, then discounts those cash flows back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around €-9.60. The output moves with the growth and discount-rate inputs, so it is best read as a range, not a single number. You can change every assumption with the sliders on this tab.
Is Inclusio SA overvalued based on a DCF?+
At €15.85, INCLU.XBRU trades above the base-case intrinsic value of about €-12.80, a 180.7% premium over that estimate, so on this model it looks overvalued. A DCF is only one lens: a premium can be justified if the business grows faster or is higher quality than the base case assumes, which is exactly what the sliders let you test.
What growth is priced into Inclusio SA?+
The base case grows INCLU.XBRU's free cash flow at about 5.0% a year before fading, against roughly 5.0% historical free-cash-flow growth. If the price implies growth well above what the company has actually delivered, the market is paying for optimism; if below, expectations are modest. Adjust the growth assumption on this tab to see what the current price is really betting on.
What is a good margin of safety for Inclusio SA?+
A margin of safety is the discount to intrinsic value you demand before buying, to protect against being wrong on the inputs. Intrinsiqq applies 25% by default, which turns INCLU.XBRU's €-12.80 intrinsic estimate into a €-9.60 entry. Wider margins suit less predictable businesses; you can set your own on this tab. This is analysis from company filings, not investment advice.
Related stocks: Real Estate Services
Spot a number that looks wrong?
Download this analysis as a PDF (Pro)
Data sourced from company filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Keep analysing INCLU.XBRU
Create a free account and get 14 days of Premium: every stock and every tool.
- Unlimited stocks
- Stock screener
- Portfolio tracker
- Editable DCF
- Compare side by side
- Unlimited alerts
No card. Moves to Free after, unless you upgrade.
Already have an account?
Or come back tomorrow. Stocks on your watchlist are always free to view.