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DCF valuation

What is Republic Bancorp Inc worth?

With the base-case assumptions below, a discounted cash flow model on Republic Bancorp Inc's reported free cash flow gives $171.00 per share. The share price was $94.55 on September 25, 2026, 45% below that value.

Inputs from the filings

Free cash flow, fiscal 2025
$161.1M
Average free cash flow, last 5 years
$130.3M
Cash
$354.1M
balance sheet of June 30, 2026
Debt
$0
not reported, counted as 0
Diluted shares, fiscal 2025
19,809,000
Revenue growth per year, last 5 years
5.5%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear0.5%1.5%2.0%10.0%$113.77+20%
Base5.5%4.0%2.5%9.0%$171.00+81%
Bull10.5%7.0%3.0%8.0%$285.11+202%

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%$213.01$225.80$241.43$260.97$286.09
8.0%$181.69$189.98$199.78$211.55$225.92
9.0%$158.79$164.46$171.00$178.64$187.66
10.0%$141.33$145.36$149.93$155.16$161.18
11.0%$127.60$130.55$133.86$137.57$141.79

Where the presets come from

Base: years 1 to 5 grow at Republic Bancorp Inc's revenue growth rate over the last 5 fiscal years (5.5% 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

Republic Bancorp Inc company page