What is LifeStance Health Group, Inc. worth?
With the base-case assumptions below, a discounted cash flow model on LifeStance Health Group, Inc.'s reported free cash flow gives $9.17 per share. The share price was $11.84 on September 25, 2026, 29% 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% | $5.52 | -53% |
| Base | 15.0% | 9.0% | $9.17 | -23% |
| Bull | 20.0% | 8.0% | $15.96 | +35% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $11.93 | $12.79 | $13.84 | $15.16 | $16.85 |
| 8.0% | $9.85 | $10.41 | $11.07 | $11.86 | $12.83 |
| 9.0% | $8.35 | $8.73 | $9.17 | $9.68 | $10.29 |
| 10.0% | $7.20 | $7.47 | $7.78 | $8.13 | $8.54 |
| 11.0% | $6.31 | $6.50 | $6.73 | $6.98 | $7.26 |
Where the presets come from
Base: years 1 to 5 grow at LifeStance Health Group, Inc.'s revenue growth rate over the last 6 fiscal years (37.3% 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