/
DCF Valuation
Base-case fair value
$76.21
Intrinsic $101.62 · 25% MOS
Current price: $48.57
Base-case summary
Our base-case DCF for Procore Technologies, Inc. (PCOR) projects 10 years of free cash flow growth at 20.0% for years 1–5 and 10.0% for years 6–10, anchored to 64.6% historical FCF growth, then applies a 2.5% perpetual growth rate and a 8.0% discount rate. Starting from $294M in trailing free cash flow, this produces an intrinsic value of $101.62 per share. A 25% safety margin gives a fair value of $76.21, suggesting the stock is currently 57% undervalued against the $48.57 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
$294M
Cash & equivalents
$592M
Total debt
$93M
Shares outstanding
151M