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Stocks ADUS DCF valuation

DCF valuation

What is Addus HomeCare Corp worth?

With the base-case assumptions below, a discounted cash flow model on Addus HomeCare Corp's reported free cash flow gives $168.18 per share. The share price was $113.19 on September 25, 2026, 33% below that value.

Inputs from the filings

Free cash flow, fiscal 2025
$103.8M
Average free cash flow, last 5 years
$89.7M
Cash
$99.6M
balance sheet of June 30, 2026
Debt
$61.6M
balance sheet of June 30, 2026
Diluted shares, fiscal 2025
18,391,000
Revenue growth per year, last 5 years
13.2%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear8.0%5.0%2.0%10.0%$103.24-9%
Base13.0%8.0%2.5%9.0%$168.18+49%
Bull18.0%10.5%3.0%8.0%$289.19+155%

Sensitivity: base case value per share

Discount rate down the side, growth after year 10 across the top. Everything else as in the base case.

1.5%2.0%2.5%3.0%3.5%
7.0%$216.84$231.95$250.42$273.50$303.18
8.0%$180.33$190.13$201.71$215.61$232.59
9.0%$153.75$160.45$168.18$177.20$187.86
10.0%$133.57$138.34$143.74$149.91$157.03
11.0%$117.77$121.26$125.17$129.56$134.53

Where the presets come from

Base: years 1 to 5 grow at Addus HomeCare Corp's revenue growth rate over the last 5 fiscal years (13.2% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.

Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.

Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.

This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.

Adjust the assumptions

Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.

Adjust the assumptions

Addus HomeCare Corp company page