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DCF Valuation
Base-case fair value
$79.60
Intrinsic $106.13 · 25% MOS
Current price: $86.94
Base-case summary
Our base-case DCF for Victory Capital Holdings, Inc. (VCTR) projects 10 years of free cash flow growth at 3.0% for years 1–5 and 1.5% for years 6–10, anchored to 3.0% historical FCF growth, then applies a 2.5% perpetual growth rate and a 8.0% discount rate. Starting from $422M in trailing free cash flow, this produces an intrinsic value of $106.13 per share. A 25% safety margin gives a fair value of $79.60, suggesting the stock is currently 8% overvalued against the $86.94 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
$422M
Cash & equivalents
$76M
Total debt
$1.0B
Shares outstanding
64M