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DCF valuation

What is Galaxy Gaming, Inc. worth?

With the base-case assumptions below, a discounted cash flow model on Galaxy Gaming, Inc.'s reported free cash flow gives $8.28 per share. The share price was $1.61 on September 28, 2026, 81% below that value.

Inputs from the filings

Free cash flow, fiscal 2025
$7.6M
Average free cash flow, last 5 years
$5.4M
Cash
$4.8M
balance sheet of June 30, 2026
Debt
$37.9M
balance sheet of June 30, 2026
Diluted shares, fiscal 2025
26,217,127
Revenue growth per year, last 5 years
24.7%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear10.0%6.0%2.0%10.0%$4.54+182%
Base15.0%9.0%2.5%9.0%$8.28+414%
Bull20.0%11.5%3.0%8.0%$15.26+848%

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%$11.12$12.00$13.08$14.43$16.17
8.0%$8.99$9.56$10.24$11.05$12.05
9.0%$7.44$7.83$8.28$8.81$9.43
10.0%$6.26$6.54$6.86$7.22$7.63
11.0%$5.34$5.55$5.78$6.03$6.32

Where the presets come from

Base: years 1 to 5 grow at Galaxy Gaming, Inc.'s revenue growth rate over the last 5 fiscal years (24.7% 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

Galaxy Gaming, Inc. company page