What is Limbach Holdings, Inc. worth?
With the base-case assumptions below, a discounted cash flow model on Limbach Holdings, Inc.'s reported free cash flow gives $56.35 per share. The share price was $56.68 on November 10, 2026, 1% 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 | -2.5% | 10.0% | $35.66 | -37% |
| Base | 2.5% | 9.0% | $56.35 | -1% |
| Bull | 7.5% | 8.0% | $96.66 | +71% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $70.90 | $75.29 | $80.66 | $87.37 | $95.99 |
| 8.0% | $60.08 | $62.93 | $66.30 | $70.33 | $75.27 |
| 9.0% | $52.16 | $54.11 | $56.35 | $58.97 | $62.07 |
| 10.0% | $46.11 | $47.49 | $49.06 | $50.85 | $52.92 |
| 11.0% | $41.34 | $42.35 | $43.49 | $44.76 | $46.21 |
Where the presets come from
Base: years 1 to 5 grow at Limbach Holdings, Inc.'s revenue growth rate over the last 5 fiscal years (2.6% 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