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What is CorMedix Inc. worth?

With the base-case assumptions below, a discounted cash flow model on CorMedix Inc.'s reported free cash flow gives $74,281.78 per share. The share price was $7.85 on September 25, 2026, 100% below that value.

Inputs from the filings

Free cash flow, fiscal 2025
$172.8M
Average free cash flow, last 5 years
$7.2M
Cash
$256.7M
balance sheet of June 30, 2026
Debt
$0
not reported, counted as 0
Diluted shares, fiscal 2025
80,308
Revenue growth per year, last 6 years
221.3%

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%$46,387.84+590,828%
Base15.0%9.0%2.5%9.0%$74,281.78+946,165%
Bull20.0%11.5%3.0%8.0%$126,221.32+1,607,815%

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%$95,400.72$101,985.71$110,034.02$120,094.42$133,029.21
8.0%$79,535.95$83,806.30$88,853.07$94,909.20$102,311.13
9.0%$67,993.11$70,912.85$74,281.78$78,212.19$82,857.23
10.0%$59,240.56$61,316.90$63,670.09$66,359.44$69,462.54
11.0%$52,392.07$53,914.26$55,615.53$57,529.46$59,698.58

Where the presets come from

Base: years 1 to 5 grow at CorMedix Inc.'s revenue growth rate over the last 6 fiscal years (221.3% 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

CorMedix Inc. company page