What is Vse Corp worth?
With the base-case assumptions below, a discounted cash flow model on Vse Corp's reported free cash flow gives -$35.06 per share. The share price was $186.59 on November 10, 2026, 632% 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 | 6.0% | 10.0% | -$37.80 | -120% |
| Base | 11.0% | 9.0% | -$35.06 | -119% |
| Bull | 16.0% | 8.0% | -$29.94 | -116% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | -$33.02 | -$32.39 | -$31.63 | -$30.67 | -$29.43 |
| 8.0% | -$34.55 | -$34.14 | -$33.66 | -$33.08 | -$32.37 |
| 9.0% | -$35.66 | -$35.38 | -$35.06 | -$34.68 | -$34.24 |
| 10.0% | -$36.50 | -$36.30 | -$36.08 | -$35.82 | -$35.52 |
| 11.0% | -$37.16 | -$37.01 | -$36.85 | -$36.67 | -$36.46 |
Where the presets come from
Base: years 1 to 5 grow at Vse Corp's revenue growth rate over the last 5 fiscal years (10.9% 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