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DCF valuation

What is Cra International, Inc. worth?

With the base-case assumptions below, a discounted cash flow model on Cra International, Inc.'s reported free cash flow gives $52.95 per share. The share price was $200.28 on November 10, 2026, 278% above that value.

Inputs from the filings

Free cash flow, fiscal 2025
$18.6M
Average free cash flow, last 5 years
$40.8M
Cash
$20.4M
balance sheet of October 3, 2026
Debt
$72.9M
balance sheet of October 3, 2026
Diluted shares, fiscal 2025
6,714,000
Revenue growth per year, last 5 years
8.1%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear3.0%2.5%2.0%10.0%$29.48-85%
Base8.0%5.5%2.5%9.0%$52.95-74%
Bull13.0%8.0%3.0%8.0%$96.76-52%

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%$70.06$75.31$81.72$89.74$100.05
8.0%$57.27$60.68$64.70$69.53$75.43
9.0%$47.94$50.27$52.95$56.08$59.79
10.0%$40.84$42.49$44.37$46.51$48.98
11.0%$35.26$36.47$37.83$39.35$41.08

Where the presets come from

Base: years 1 to 5 grow at Cra International, Inc.'s revenue growth rate over the last 5 fiscal years (8.1% 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

Cra International, Inc. company page