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DCF valuation

What is CIMPRESS plc worth?

With the base-case assumptions below, a discounted cash flow model on CIMPRESS plc's reported free cash flow gives $100.17 per share. The share price was $79.79 on September 25, 2026, 20% below that value.

Inputs from the filings

Free cash flow, fiscal 2026
$183.5M
Average free cash flow, last 5 years
$186.1M
Cash
$248.9M
balance sheet of June 30, 2026
Debt
$1.6B
balance sheet of June 30, 2026
Diluted shares, fiscal 2026
25,326,614
Revenue growth per year, last 5 years
7.7%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear2.5%2.5%2.0%10.0%$42.48-47%
Base7.5%5.0%2.5%9.0%$100.17+26%
Bull12.5%8.0%3.0%8.0%$215.20+170%

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%$143.05$156.17$172.22$192.27$218.06
8.0%$111.02$119.53$129.59$141.67$156.42
9.0%$87.63$93.45$100.17$108.00$117.26
10.0%$69.83$73.96$78.66$84.02$90.20
11.0%$55.83$58.87$62.26$66.07$70.40

Where the presets come from

Base: years 1 to 5 grow at CIMPRESS plc's revenue growth rate over the last 5 fiscal years (7.7% 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

CIMPRESS plc company page