What is Corvel Corp worth?
With the base-case assumptions below, a discounted cash flow model on Corvel Corp's reported free cash flow gives $62.38 per share. The share price was $83.04 on November 10, 2026, 33% above that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 6.5% | 10.0% | $40.67 | -51% |
| Base | 11.5% | 9.0% | $62.38 | -25% |
| Bull | 16.5% | 8.0% | $105.65 | +27% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $78.90 | $84.01 | $90.25 | $98.05 | $108.08 |
| 8.0% | $66.53 | $69.84 | $73.75 | $78.45 | $84.19 |
| 9.0% | $57.51 | $59.77 | $62.38 | $65.43 | $69.03 |
| 10.0% | $50.66 | $52.27 | $54.09 | $56.18 | $58.58 |
| 11.0% | $45.28 | $46.46 | $47.78 | $49.27 | $50.95 |
Where the presets come from
Base: years 1 to 5 grow at Corvel Corp's revenue growth rate over the last 5 fiscal years (11.6% 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