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DCF Valuation
Base-case fair value
$17073416005.19
Intrinsic $22764554673.59 · 25% MOS
Current price: $54.52
Base-case summary
Our base-case DCF for Clear Secure, Inc. (YOU) projects 10 years of free cash flow growth at 20.0% for years 1–5 and 10.0% for years 6–10, anchored to 60.1% historical FCF growth, then applies a 2.5% perpetual growth rate and a 8.0% discount rate. Starting from $437M in trailing free cash flow, this produces an intrinsic value of $22764554673.59 per share. A 25% safety margin gives a fair value of $17073416005.19, suggesting the stock is currently 31315876652% undervalued against the $54.52 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
$437M
Cash & equivalents
$800M
Total debt
$111M
Shares outstanding
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