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Stocks MYRG DCF valuation

DCF valuation

What is Myr Group Inc. worth?

With the base-case assumptions below, a discounted cash flow model on Myr Group Inc.'s reported free cash flow gives $373.12 per share. The share price was $292.58 on September 25, 2026, 22% below that value.

Inputs from the filings

Free cash flow, fiscal 2025
$232.2M
Average free cash flow, last 5 years
$81M
Cash
$137.9M
balance sheet of June 30, 2026
Debt
$9.4M
balance sheet of June 30, 2026
Diluted shares, fiscal 2025
15,729,000
Revenue growth per year, last 5 years
10.2%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear5.0%3.5%2.0%10.0%$231.41-21%
Base10.0%6.5%2.5%9.0%$373.12+28%
Bull15.0%9.0%3.0%8.0%$637.43+118%

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%$477.58$509.80$549.17$598.39$661.66
8.0%$399.38$420.27$444.96$474.59$510.80
9.0%$342.35$356.63$373.12$392.34$415.07
10.0%$299.00$309.16$320.67$333.83$349.01
11.0%$264.99$272.44$280.76$290.13$300.74

Where the presets come from

Base: years 1 to 5 grow at Myr Group Inc.'s revenue growth rate over the last 5 fiscal years (10.2% 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

Myr Group Inc. company page