What is Blackline, Inc. worth?
With the base-case assumptions below, a discounted cash flow model on Blackline, Inc.'s reported free cash flow gives $84.62 per share. The share price was $27.99 on September 25, 2026, 67% 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 | 10.0% | 10.0% | $52.86 | +89% |
| Base | 15.0% | 9.0% | $84.62 | +202% |
| Bull | 20.0% | 8.0% | $143.76 | +414% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $108.67 | $116.17 | $125.33 | $136.79 | $151.52 |
| 8.0% | $90.61 | $95.47 | $101.22 | $108.11 | $116.54 |
| 9.0% | $77.46 | $80.79 | $84.62 | $89.10 | $94.39 |
| 10.0% | $67.50 | $69.86 | $72.54 | $75.60 | $79.14 |
| 11.0% | $59.70 | $61.43 | $63.37 | $65.55 | $68.02 |
Where the presets come from
Base: years 1 to 5 grow at Blackline, Inc.'s revenue growth rate over the last 5 fiscal years (14.8% 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