What is Live Oak Bancshares, Inc. worth?
With the base-case assumptions below, a discounted cash flow model on Live Oak Bancshares, Inc.'s reported free cash flow gives $126.85 per share. The share price was $33.97 on November 10, 2026, 73% 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% | $86.45 | +155% |
| Base | 15.0% | 9.0% | $126.85 | +273% |
| Bull | 20.0% | 8.0% | $202.08 | +495% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $157.44 | $166.98 | $178.64 | $193.21 | $211.94 |
| 8.0% | $134.46 | $140.65 | $147.96 | $156.73 | $167.45 |
| 9.0% | $117.74 | $121.97 | $126.85 | $132.54 | $139.27 |
| 10.0% | $105.06 | $108.07 | $111.48 | $115.38 | $119.87 |
| 11.0% | $95.15 | $97.35 | $99.81 | $102.59 | $105.73 |
Where the presets come from
Base: years 1 to 5 grow at Live Oak Bancshares, Inc.'s revenue growth rate over the last 3 fiscal years (78.2% 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