Invesaro

Stocks PTCT DCF valuation

DCF valuation

What is Ptc Therapeutics, Inc. worth?

With the base-case assumptions below, a discounted cash flow model on Ptc Therapeutics, Inc.'s reported free cash flow gives $262.45 per share. The share price was $64.14 on November 10, 2026, 76% below that value.

Inputs from the filings

Free cash flow, fiscal 2025
$702.3M
Average free cash flow, last 5 years
-$53.4M
Cash
$508.9M
balance sheet of September 30, 2026
Debt
$536.3M
balance sheet of September 30, 2026
Diluted shares, fiscal 2025
88,311,494
Revenue growth per year, last 5 years
35.4%

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%$159.34+148%
Base15.0%9.0%2.5%9.0%$262.45+309%
Bull20.0%11.5%3.0%8.0%$454.44+609%

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%$340.51$364.85$394.60$431.79$479.60
8.0%$281.87$297.66$316.31$338.70$366.06
9.0%$239.20$250.00$262.45$276.98$294.15
10.0%$206.85$214.53$223.22$233.17$244.64
11.0%$181.54$187.16$193.45$200.53$208.54

Where the presets come from

Base: years 1 to 5 grow at Ptc Therapeutics, Inc.'s revenue growth rate over the last 5 fiscal years (35.4% 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

Ptc Therapeutics, Inc. company page