/
DCF Valuation
Base-case fair value
$36.77
Intrinsic $49.03 · 25% MOS
Current price: $14.92
Base-case summary
Our base-case DCF for nCino, Inc. (NCNO) projects 10 years of free cash flow growth at 20.0% for years 1–5 and 10.0% for years 6–10, anchored to 27.2% historical FCF growth, then applies a 2.5% perpetual growth rate and a 8.0% discount rate. Starting from $111M in trailing free cash flow, this produces an intrinsic value of $49.03 per share. A 25% safety margin gives a fair value of $36.77, suggesting the stock is currently 146% undervalued against the $14.92 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
$111M
Cash & equivalents
$103M
Total debt
$327M
Shares outstanding
109M