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DCF valuation

What is Bancorp, Inc. worth?

With the base-case assumptions below, a discounted cash flow model on Bancorp, Inc.'s reported free cash flow gives $185.29 per share. The share price was $50.58 on September 25, 2026, 73% below that value.

Inputs from the filings

Free cash flow, fiscal 2025
$257.9M
Average free cash flow, last 5 years
$166.8M
Cash
$80.1M
balance sheet of June 30, 2026
Debt
$0
not reported, counted as 0
Diluted shares, fiscal 2025
46,421,672
Revenue growth per year, last 5 years
81.8%

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%$113.26+124%
Base15.0%9.0%2.5%9.0%$185.29+266%
Bull20.0%11.5%3.0%8.0%$319.42+532%

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%$239.83$256.83$277.62$303.60$337.00
8.0%$198.86$209.89$222.92$238.56$257.67
9.0%$169.05$176.59$185.29$195.44$207.44
10.0%$146.45$151.81$157.89$164.83$172.85
11.0%$128.77$132.70$137.09$142.03$147.63

Where the presets come from

Base: years 1 to 5 grow at Bancorp, Inc.'s revenue growth rate over the last 5 fiscal years (81.8% 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

Bancorp, Inc. company page