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Stocks ASUR DCF valuation

DCF valuation

What is Asure Software Inc worth?

With the base-case assumptions below, a discounted cash flow model on Asure Software Inc's reported free cash flow gives $13.48 per share. The share price was $7.89 on September 25, 2026, 41% below that value.

Inputs from the filings

Free cash flow, fiscal 2025
$21.4M
Average free cash flow, last 5 years
$12M
Cash
$19.7M
balance sheet of June 30, 2026
Debt
$68.9M
balance sheet of June 30, 2026
Diluted shares, fiscal 2025
27,430,000
Revenue growth per year, last 5 years
6.0%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear1.0%1.5%2.0%10.0%$7.62-3%
Base6.0%4.5%2.5%9.0%$13.48+71%
Bull11.0%7.0%3.0%8.0%$24.43+210%

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%$17.70$18.99$20.56$22.53$25.06
8.0%$14.55$15.39$16.37$17.56$19.01
9.0%$12.25$12.82$13.48$14.25$15.16
10.0%$10.50$10.90$11.36$11.89$12.50
11.0%$9.12$9.41$9.75$10.12$10.55

Where the presets come from

Base: years 1 to 5 grow at Asure Software Inc's revenue growth rate over the last 5 fiscal years (6.0% 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

Asure Software Inc company page