What is Liquidity Services Inc worth?
With the base-case assumptions below, a discounted cash flow model on Liquidity Services Inc's reported free cash flow gives $66.88 per share. The share price was $43.61 on September 25, 2026, 35% 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% | $43.30 | -1% |
| Base | 15.0% | 9.0% | $66.88 | +53% |
| Bull | 20.0% | 8.0% | $110.79 | +154% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $84.74 | $90.30 | $97.11 | $105.61 | $116.55 |
| 8.0% | $71.32 | $74.93 | $79.20 | $84.32 | $90.58 |
| 9.0% | $61.56 | $64.03 | $66.88 | $70.20 | $74.13 |
| 10.0% | $54.16 | $55.92 | $57.91 | $60.18 | $62.81 |
| 11.0% | $48.37 | $49.66 | $51.10 | $52.72 | $54.55 |
Where the presets come from
Base: years 1 to 5 grow at Liquidity Services Inc's revenue growth rate over the last 5 fiscal years (18.3% 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