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DCF valuation

What is Mesa Laboratories Inc worth?

With the base-case assumptions below, a discounted cash flow model on Mesa Laboratories Inc's reported free cash flow gives $203.00 per share. The share price was $134.04 on September 25, 2026, 34% below that value.

Inputs from the filings

Free cash flow, fiscal 2026
$39.6M
Average free cash flow, last 5 years
$36.4M
Cash
$30.7M
balance sheet of June 30, 2026
Debt
$66.1M
balance sheet of June 30, 2026
Diluted shares, fiscal 2026
5,565,000
Revenue growth per year, last 5 years
13.2%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear8.0%5.0%2.0%10.0%$121.15-10%
Base13.0%8.0%2.5%9.0%$203.00+51%
Bull18.0%10.5%3.0%8.0%$355.51+165%

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%$264.33$283.37$306.64$335.73$373.14
8.0%$218.32$230.66$245.26$262.77$284.18
9.0%$184.81$193.25$203.00$214.36$227.79
10.0%$159.38$165.39$172.19$179.97$188.94
11.0%$139.46$143.87$148.79$154.32$160.59

Where the presets come from

Base: years 1 to 5 grow at Mesa Laboratories Inc's revenue growth rate over the last 5 fiscal years (13.2% 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

Mesa Laboratories Inc company page