What is United States Lime & Minerals Inc worth?
With the base-case assumptions below, a discounted cash flow model on United States Lime & Minerals Inc's reported free cash flow gives $131.61 per share. The share price was $111.40 on September 25, 2026, 15% 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% | $85.47 | -23% |
| Base | 15.0% | 9.0% | $131.61 | +18% |
| Bull | 20.0% | 8.0% | $217.54 | +95% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $166.55 | $177.44 | $190.76 | $207.40 | $228.80 |
| 8.0% | $140.30 | $147.37 | $155.72 | $165.74 | $177.98 |
| 9.0% | $121.21 | $126.04 | $131.61 | $138.11 | $145.80 |
| 10.0% | $106.73 | $110.16 | $114.06 | $118.51 | $123.64 |
| 11.0% | $95.40 | $97.92 | $100.73 | $103.90 | $107.49 |
Where the presets come from
Base: years 1 to 5 grow at United States Lime & Minerals Inc's revenue growth rate over the last 5 fiscal years (18.3% 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