What is Akamai Technologies Inc worth?
With the base-case assumptions below, a discounted cash flow model on Akamai Technologies Inc's reported free cash flow gives $139.53 per share. The share price was $113.94 on September 25, 2026, 18% below that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 0.5% | 10.0% | $91.14 | -20% |
| Base | 5.5% | 9.0% | $139.53 | +22% |
| Bull | 10.5% | 8.0% | $236.01 | +107% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $175.05 | $185.86 | $199.08 | $215.60 | $236.84 |
| 8.0% | $148.57 | $155.58 | $163.87 | $173.81 | $185.97 |
| 9.0% | $129.21 | $134.00 | $139.53 | $145.99 | $153.62 |
| 10.0% | $114.45 | $117.86 | $121.72 | $126.14 | $131.23 |
| 11.0% | $102.83 | $105.33 | $108.13 | $111.27 | $114.83 |
Where the presets come from
Base: years 1 to 5 grow at Akamai Technologies Inc's revenue growth rate over the last 5 fiscal years (5.6% 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