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DCF valuation

What is Nve Corp worth?

With the base-case assumptions below, a discounted cash flow model on Nve Corp's reported free cash flow gives $53.89 per share. The share price was $79.54 on November 10, 2026, 48% above that value.

Inputs from the filings

Free cash flow, fiscal 2026
$14.5M
Average free cash flow, last 5 years
$15.2M
Cash
$4M
balance sheet of September 30, 2026
Debt
$0
not reported, counted as 0
Diluted shares, fiscal 2026
4,839,169
Revenue growth per year, last 5 years
4.3%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear-0.5%0.5%2.0%10.0%$33.65-58%
Base4.5%3.5%2.5%9.0%$53.89-32%
Bull9.5%6.5%3.0%8.0%$93.30+17%

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%$68.31$72.68$78.03$84.72$93.31
8.0%$57.57$60.40$63.76$67.78$72.70
9.0%$49.71$51.65$53.89$56.50$59.59
10.0%$43.72$45.10$46.66$48.45$50.51
11.0%$39.00$40.01$41.14$42.41$43.85

Where the presets come from

Base: years 1 to 5 grow at Nve Corp's revenue growth rate over the last 5 fiscal years (4.3% 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

Nve Corp company page