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Stocks ECG DCF valuation

DCF valuation

What is Everus Construction Group, Inc. worth?

With the base-case assumptions below, a discounted cash flow model on Everus Construction Group, Inc.'s reported free cash flow gives $45.19 per share. The share price was $116.94 on September 25, 2026, 159% above that value.

Inputs from the filings

Free cash flow, fiscal 2025
$90M
Average free cash flow, last 4 years
$69.9M
Cash
$176.7M
balance sheet of June 30, 2026
Debt
$274.5M
balance sheet of June 30, 2026
Diluted shares, fiscal 2025
51,123,000
Revenue growth per year, last 3 years
11.5%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear6.5%4.5%2.0%10.0%$27.30-77%
Base11.5%7.0%2.5%9.0%$45.19-61%
Bull16.5%10.0%3.0%8.0%$80.85-31%

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%$58.80$63.01$68.16$74.59$82.85
8.0%$48.61$51.34$54.56$58.43$63.16
9.0%$41.17$43.04$45.19$47.70$50.67
10.0%$35.53$36.85$38.36$40.08$42.06
11.0%$31.10$32.07$33.16$34.38$35.77

Where the presets come from

Base: years 1 to 5 grow at Everus Construction Group, Inc.'s revenue growth rate over the last 3 fiscal years (11.5% 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

Everus Construction Group, Inc. company page