DCF Valuation
Base-case fair value
$809.99
Intrinsic $1079.99 · 25% MOS
Current price: $155.01
Base-case summary
Our base-case DCF for PJT Partners Inc. (PJT) projects 10 years of free cash flow growth at 20.0% for years 1–5 and 10.0% for years 6–10, anchored to 39.2% historical FCF growth, then applies a 2.5% perpetual growth rate and a 8.0% discount rate. Starting from $614M in trailing free cash flow, this produces an intrinsic value of $1079.99 per share. A 25% safety margin gives a fair value of $809.99, suggesting the stock is currently 423% undervalued against the $155.01 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
$614M
Cash & equivalents
$309M
Total debt
$421M
Shares outstanding
29M