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DCF valuation

What is Compass, Inc. worth?

With the base-case assumptions below, a discounted cash flow model on Compass, Inc.'s reported free cash flow gives $7.60 per share. The share price was $9.38 on September 25, 2026, 23% above that value.

Inputs from the filings

Free cash flow, fiscal 2025
$203.3M
Average free cash flow, last 5 years
-$33.7M
Cash
$694M
balance sheet of June 30, 2026
Debt
$3.14B
balance sheet of June 30, 2026
Diluted shares, fiscal 2025
562,153,375
Revenue growth per year, last 4 years
17.0%

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%$2.91-69%
Base15.0%9.0%2.5%9.0%$7.60-19%
Bull20.0%11.5%3.0%8.0%$16.33+74%

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%$11.15$12.25$13.61$15.30$17.47
8.0%$8.48$9.20$10.05$11.06$12.31
9.0%$6.54$7.03$7.60$8.26$9.04
10.0%$5.07$5.42$5.81$6.27$6.79
11.0%$3.92$4.17$4.46$4.78$5.15

Where the presets come from

Base: years 1 to 5 grow at Compass, Inc.'s revenue growth rate over the last 4 fiscal years (17.0% 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

Compass, Inc. company page