What is Definitive Healthcare Corp. worth?
With the base-case assumptions below, a discounted cash flow model on Definitive Healthcare Corp.'s reported free cash flow gives $11.58 per share. The share price was $0.95 on September 25, 2026, 92% below 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% | $7.07 | +648% |
| Base | 15.0% | 9.0% | $11.58 | +1,125% |
| Bull | 20.0% | 8.0% | $19.96 | +2,013% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $14.99 | $16.05 | $17.35 | $18.97 | $21.06 |
| 8.0% | $12.42 | $13.11 | $13.93 | $14.91 | $16.10 |
| 9.0% | $10.56 | $11.03 | $11.58 | $12.21 | $12.96 |
| 10.0% | $9.15 | $9.48 | $9.86 | $10.30 | $10.80 |
| 11.0% | $8.04 | $8.29 | $8.56 | $8.87 | $9.22 |
Where the presets come from
Base: years 1 to 5 grow at Definitive Healthcare Corp.'s revenue growth rate over the last 4 fiscal years (19.5% 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