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DCF Valuation
Base-case fair value
$14.09
Intrinsic $18.79 · 25% MOS
Current price: $3.87
Base-case summary
Our base-case DCF for Marqeta, Inc. (MQ) projects 10 years of free cash flow growth at 20.0% for years 1–5 and 10.0% for years 6–10, anchored to 22.1% historical FCF growth, then applies a 2.5% perpetual growth rate and a 8.0% discount rate. Starting from $147M in trailing free cash flow, this produces an intrinsic value of $18.79 per share. A 25% safety margin gives a fair value of $14.09, suggesting the stock is currently 264% undervalued against the $3.87 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
$147M
Cash & equivalents
$712M
Total debt
$7M
Shares outstanding
434M