What is Flywire Corp worth?
With the base-case assumptions below, a discounted cash flow model on Flywire Corp's reported free cash flow gives $28.75 per share. The share price was $22.35 on November 10, 2026, 22% 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% | $18.72 | -16% |
| Base | 15.0% | 9.0% | $28.75 | +29% |
| Bull | 20.0% | 8.0% | $47.42 | +112% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $36.34 | $38.71 | $41.60 | $45.22 | $49.87 |
| 8.0% | $30.64 | $32.17 | $33.99 | $36.16 | $38.82 |
| 9.0% | $26.49 | $27.54 | $28.75 | $30.16 | $31.83 |
| 10.0% | $23.34 | $24.08 | $24.93 | $25.90 | $27.01 |
| 11.0% | $20.88 | $21.42 | $22.03 | $22.72 | $23.50 |
Where the presets come from
Base: years 1 to 5 grow at Flywire Corp's revenue growth rate over the last 4 fiscal years (47.5% 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