What is Meridian Corp worth?
With the base-case assumptions below, a discounted cash flow model on Meridian Corp's reported free cash flow gives $51.82 per share. The share price was $19.27 on September 25, 2026, 63% 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 | 5.0% | 10.0% | $33.04 | +71% |
| Base | 10.0% | 9.0% | $51.82 | +169% |
| Bull | 15.0% | 8.0% | $86.83 | +351% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $65.66 | $69.92 | $75.14 | $81.66 | $90.05 |
| 8.0% | $55.30 | $58.06 | $61.33 | $65.26 | $70.06 |
| 9.0% | $47.74 | $49.63 | $51.82 | $54.36 | $57.37 |
| 10.0% | $42.00 | $43.34 | $44.87 | $46.61 | $48.62 |
| 11.0% | $37.49 | $38.48 | $39.58 | $40.82 | $42.23 |
Where the presets come from
Base: years 1 to 5 grow at Meridian Corp's revenue growth rate over the last 3 fiscal years (10.1% 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