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DCF Valuation
Base-case fair value
$46.10
Intrinsic $61.46 · 25% MOS
Current price: $10.71
Base-case summary
Our base-case DCF for Spok Holdings, Inc (SPOK) projects 10 years of free cash flow growth at 20.0% for years 1–5 and 10.0% for years 6–10, anchored to 48.2% historical FCF growth, then applies a 2.5% perpetual growth rate and a 8.0% discount rate. Starting from $26M in trailing free cash flow, this produces an intrinsic value of $61.46 per share. A 25% safety margin gives a fair value of $46.10, suggesting the stock is currently 330% undervalued against the $10.71 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
$26M
Cash & equivalents
$17M
Total debt
$6M
Shares outstanding
21M