What is Miami International Holdings, Inc. worth?
With the base-case assumptions below, a discounted cash flow model on Miami International Holdings, Inc.'s reported free cash flow gives $75.54 per share. The share price was $34.90 on September 25, 2026, 54% 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 | 9.5% | 10.0% | $50.28 | +44% |
| Base | 14.5% | 9.0% | $75.54 | +116% |
| Bull | 19.5% | 8.0% | $125.85 | +261% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $95.07 | $101.15 | $108.58 | $117.87 | $129.81 |
| 8.0% | $80.41 | $84.35 | $89.01 | $94.60 | $101.43 |
| 9.0% | $69.74 | $72.43 | $75.54 | $79.17 | $83.46 |
| 10.0% | $61.64 | $63.56 | $65.73 | $68.21 | $71.08 |
| 11.0% | $55.30 | $56.71 | $58.28 | $60.05 | $62.05 |
Where the presets come from
Base: years 1 to 5 grow at Miami International Holdings, Inc.'s revenue growth rate over the last 2 fiscal years (14.5% 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