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DCF valuation

What is Perimeter Solutions, Inc. worth?

With the base-case assumptions below, a discounted cash flow model on Perimeter Solutions, Inc.'s reported free cash flow gives $38.33 per share. The share price was $29.11 on September 25, 2026, 24% below that value.

Inputs from the filings

Free cash flow, fiscal 2025
$208.6M
Average free cash flow, last 5 years
$77.3M
Cash
$82.8M
balance sheet of June 30, 2026
Debt
$1.21B
balance sheet of June 30, 2026
Diluted shares, fiscal 2025
150,370,533
Revenue growth per year, last 6 years
18.2%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear10.0%6.0%2.0%10.0%$20.34-30%
Base15.0%9.0%2.5%9.0%$38.33+32%
Bull20.0%11.5%3.0%8.0%$71.81+147%

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%$51.94$56.19$61.37$67.86$76.20
8.0%$41.71$44.47$47.72$51.62$56.39
9.0%$34.27$36.15$38.33$40.86$43.85
10.0%$28.63$29.97$31.49$33.22$35.22
11.0%$24.22$25.20$26.29$27.53$28.93

Where the presets come from

Base: years 1 to 5 grow at Perimeter Solutions, Inc.'s revenue growth rate over the last 6 fiscal years (18.2% 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

Perimeter Solutions, Inc. company page