Invesaro

Stocks BCRX DCF valuation

DCF valuation

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 $51.03 per share. The share price was $8.59 on September 25, 2026, 83% below that value.

Inputs from the filings

Free cash flow, fiscal 2025
$344.9M
Average free cash flow, last 5 years
-$22.7M
Cash
$155M
balance sheet of June 30, 2026
Debt
$395.4M
balance sheet of June 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%$30.58+256%
Base15.0%9.0%2.5%9.0%$51.03+494%
Bull20.0%11.5%3.0%8.0%$89.12+938%

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%$66.52$71.35$77.25$84.63$94.12
8.0%$54.89$58.02$61.72$66.16$71.59
9.0%$46.42$48.56$51.03$53.92$57.32
10.0%$40.00$41.52$43.25$45.22$47.50
11.0%$34.98$36.10$37.34$38.75$40.34

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