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DCF valuation

What is Viemed Healthcare, Inc. worth?

With the base-case assumptions below, a discounted cash flow model on Viemed Healthcare, Inc.'s reported free cash flow gives $9.74 per share. The share price was $8.91 on September 25, 2026, 9% below that value.

Inputs from the filings

Free cash flow, fiscal 2025
$11.9M
Average free cash flow, last 5 years
$8M
Cash
$10.7M
balance sheet of June 30, 2026
Debt
$7.1M
balance sheet of June 30, 2026
Diluted shares, fiscal 2025
40,823,823
Revenue growth per year, last 5 years
15.5%

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%$5.95-33%
Base15.0%9.0%2.5%9.0%$9.74+9%
Bull20.0%11.5%3.0%8.0%$16.80+89%

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%$12.61$13.51$14.60$15.97$17.72
8.0%$10.46$11.04$11.72$12.55$13.55
9.0%$8.89$9.29$9.74$10.28$10.91
10.0%$7.70$7.98$8.30$8.67$9.09
11.0%$6.77$6.98$7.21$7.47$7.76

Where the presets come from

Base: years 1 to 5 grow at Viemed Healthcare, Inc.'s revenue growth rate over the last 5 fiscal years (15.5% 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

Viemed Healthcare, Inc. company page