/
DCF Valuation
Base-case fair value
$500.08
Intrinsic $666.78 · 25% MOS
Current price: $77.89
Base-case summary
Our base-case DCF for Tutor Perini Corp (TPC) projects 10 years of free cash flow growth at 20.0% for years 1–5 and 10.0% for years 6–10, anchored to 47.8% historical FCF growth, then applies a 2.5% perpetual growth rate and a 8.0% discount rate. Starting from $703M in trailing free cash flow, this produces an intrinsic value of $666.78 per share. A 25% safety margin gives a fair value of $500.08, suggesting the stock is currently 542% undervalued against the $77.89 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
$703M
Cash & equivalents
$803M
Total debt
$466M
Shares outstanding
54M