What is Phreesia, Inc. worth?
With the base-case assumptions below, a discounted cash flow model on Phreesia, Inc.'s reported free cash flow gives $37.58 per share. The share price was $10.15 on September 25, 2026, 73% 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% | $23.30 | +130% |
| Base | 15.0% | 9.0% | $37.58 | +270% |
| Bull | 20.0% | 8.0% | $64.16 | +532% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $48.38 | $51.75 | $55.87 | $61.02 | $67.64 |
| 8.0% | $40.26 | $42.45 | $45.03 | $48.13 | $51.92 |
| 9.0% | $34.36 | $35.85 | $37.58 | $39.59 | $41.96 |
| 10.0% | $29.88 | $30.94 | $32.14 | $33.52 | $35.11 |
| 11.0% | $26.37 | $27.15 | $28.02 | $29.00 | $30.11 |
Where the presets come from
Base: years 1 to 5 grow at Phreesia, Inc.'s revenue growth rate over the last 5 fiscal years (26.4% 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