Invesaro

Stocks BWMN DCF valuation

DCF valuation

What is Bowman Consulting Group Ltd. worth?

With the base-case assumptions below, a discounted cash flow model on Bowman Consulting Group Ltd.'s reported free cash flow gives $63.89 per share. The share price was $42.57 on September 25, 2026, 33% below that value.

Inputs from the filings

Free cash flow, fiscal 2025
$33.4M
Average free cash flow, last 5 years
$15.8M
Cash
$10.5M
balance sheet of June 30, 2026
Debt
$45.1M
balance sheet of June 30, 2026
Diluted shares, fiscal 2025
16,747,198
Revenue growth per year, last 4 years
41.6%

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%$38.01-11%
Base15.0%9.0%2.5%9.0%$63.89+50%
Bull20.0%11.5%3.0%8.0%$112.09+163%

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%$83.49$89.60$97.07$106.40$118.40
8.0%$68.77$72.73$77.41$83.03$89.90
9.0%$58.06$60.77$63.89$67.54$71.85
10.0%$49.94$51.86$54.05$56.54$59.42
11.0%$43.58$44.99$46.57$48.35$50.36

Where the presets come from

Base: years 1 to 5 grow at Bowman Consulting Group Ltd.'s revenue growth rate over the last 4 fiscal years (41.6% 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

Bowman Consulting Group Ltd. company page