Invesaro

Stocks LMAT DCF valuation

DCF valuation

What is Lemaitre Vascular Inc worth?

With the base-case assumptions below, a discounted cash flow model on Lemaitre Vascular Inc's reported free cash flow gives $102.45 per share. The share price was $81.52 on September 25, 2026, 20% below that value.

Inputs from the filings

Free cash flow, fiscal 2025
$74.5M
Average free cash flow, last 5 years
$38.7M
Cash
$26.6M
balance sheet of June 30, 2026
Debt
$0
not reported, counted as 0
Diluted shares, fiscal 2025
22,929,000
Revenue growth per year, last 5 years
14.0%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear9.0%5.5%2.0%10.0%$62.78-23%
Base14.0%8.5%2.5%9.0%$102.45+26%
Bull19.0%11.0%3.0%8.0%$176.36+116%

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%$132.34$141.64$153.00$167.21$185.48
8.0%$109.90$115.93$123.06$131.61$142.06
9.0%$93.57$97.69$102.45$108.00$114.56
10.0%$81.18$84.12$87.44$91.24$95.62
11.0%$71.48$73.63$76.04$78.74$81.80

Where the presets come from

Base: years 1 to 5 grow at Lemaitre Vascular Inc's revenue growth rate over the last 5 fiscal years (14.0% 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

Lemaitre Vascular Inc company page