What is Delcath Systems, Inc. worth?
With the base-case assumptions below, a discounted cash flow model on Delcath Systems, Inc.'s reported free cash flow gives $18.75 per share. The share price was $20.10 on November 10, 2026, 7% 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 | 10.0% | 10.0% | $11.94 | -41% |
| Base | 15.0% | 9.0% | $18.75 | -7% |
| Bull | 20.0% | 8.0% | $31.43 | +56% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $23.90 | $25.51 | $27.47 | $29.93 | $33.09 |
| 8.0% | $20.03 | $21.07 | $22.30 | $23.78 | $25.59 |
| 9.0% | $17.21 | $17.92 | $18.75 | $19.71 | $20.84 |
| 10.0% | $15.07 | $15.58 | $16.16 | $16.81 | $17.57 |
| 11.0% | $13.40 | $13.77 | $14.19 | $14.66 | $15.19 |
Where the presets come from
Base: years 1 to 5 grow at Delcath Systems, Inc.'s revenue growth rate over the last 8 fiscal years (53.9% 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