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What is Biocryst Pharmaceuticals Inc worth?

With the base-case assumptions below, a discounted cash flow model on Biocryst Pharmaceuticals Inc's reported free cash flow gives $50.77 per share. The share price was $7.53 on November 10, 2026, 85% below that value.

Inputs from the filings

Free cash flow, fiscal 2025
$344.9M
Average free cash flow, last 5 years
-$22.7M
Cash
$97M
balance sheet of September 30, 2026
Debt
$395.6M
balance sheet of September 30, 2026
Diluted shares, fiscal 2025
218,581,000
Revenue growth per year, last 5 years
117.9%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear10.0%6.0%2.0%10.0%$30.31+303%
Base15.0%9.0%2.5%9.0%$50.77+574%
Bull20.0%11.5%3.0%8.0%$88.86+1,080%

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%$66.26$71.08$76.99$84.37$93.85
8.0%$54.62$57.75$61.45$65.89$71.32
9.0%$46.15$48.30$50.77$53.65$57.06
10.0%$39.74$41.26$42.98$44.96$47.23
11.0%$34.71$35.83$37.08$38.48$40.07

Where the presets come from

Base: years 1 to 5 grow at Biocryst Pharmaceuticals Inc's revenue growth rate over the last 5 fiscal years (117.9% 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

Biocryst Pharmaceuticals Inc company page