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DCF Valuation
Base-case fair value
$88.94
Intrinsic $118.59 · 25% MOS
Current price: $68.61
Base-case summary
Our base-case DCF for Merit Medical Systems Inc (MMSI) projects 10 years of free cash flow growth at 13.1% for years 1–5 and 6.6% for years 6–10, anchored to 13.1% historical FCF growth, then applies a 2.5% perpetual growth rate and a 8.0% discount rate. Starting from $221M in trailing free cash flow, this produces an intrinsic value of $118.59 per share. A 25% safety margin gives a fair value of $88.94, suggesting the stock is currently 30% undervalued against the $68.61 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
$221M
Cash & equivalents
$488M
Total debt
$822M
Shares outstanding
60M