What is Meridian Holdings Inc. worth?
With the base-case assumptions below, a discounted cash flow model on Meridian Holdings Inc.'s reported free cash flow gives $54.95 per share. The share price was $13.36 on September 25, 2026, 76% 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% | $33.50 | +151% |
| Base | 15.0% | 9.0% | $54.95 | +311% |
| Bull | 20.0% | 8.0% | $94.89 | +610% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $71.19 | $76.25 | $82.44 | $90.18 | $100.13 |
| 8.0% | $58.99 | $62.27 | $66.16 | $70.81 | $76.50 |
| 9.0% | $50.12 | $52.36 | $54.95 | $57.97 | $61.55 |
| 10.0% | $43.38 | $44.98 | $46.79 | $48.86 | $51.25 |
| 11.0% | $38.12 | $39.29 | $40.60 | $42.07 | $43.74 |
Where the presets come from
Base: years 1 to 5 grow at Meridian Holdings Inc.'s revenue growth rate over the last 4 fiscal years (100.6% 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