ERock stock: fair value
EROCThe fair value of ERock under our model is $8.41, the price is 1% below.
The fair value is an estimate from our model, not a price target.
Daily figure as of 13 Nov 2026
Valuation signal
Fairly valuedIn our model the price counts as cheap below $5.60 and expensive above $16.81 (uncertainty very high, based on the price swings of the past year).
Calculated with a cost of equity of 10%. At 11% the fair value would be $7.24, at 9% it would be $10.03.
Where the number comes from
From the cash-flow model alone; without earnings there is no industry value.
Ten-year cash-flow model from smoothed free cash flow and its past growth until it reaches 3.8%. Discounted at 10.0% (government bond yield 3.8% plus beta 1.38 times a risk premium of 4.5%); no analyst estimates were available.
Calculate with your own assumptionsThe calculation step by step
With these figures the cash flow model arrives at $8.41 per share: free cash flow for the next ten years, each year discounted to today at 10.0%, plus the terminal value for the years after. The table explains the calculation; it is not a recommendation.
Calculation as a table
| Year | Free cash flow | Source | Discount factor | Present value (discounted at 10.0%) |
|---|---|---|---|---|
| 2026 | $113.87M | extrapolated at 3.8% | 0.9091 | $103.51M |
| 2027 | $118.23M | extrapolated at 3.8% | 0.8264 | $97.7M |
| 2028 | $122.76M | extrapolated at 3.8% | 0.7513 | $92.22M |
| 2029 | $127.46M | extrapolated at 3.8% | 0.6829 | $87.05M |
| 2030 | $132.34M | extrapolated at 3.8% | 0.6208 | $82.16M |
| 2031 | $137.41M | extrapolated at 3.8% | 0.5644 | $77.55M |
| 2032 | $142.67M | extrapolated at 3.8% | 0.5131 | $73.2M |
| 2033 | $148.14M | extrapolated at 3.8% | 0.4664 | $69.09M |
| 2034 | $153.81M | extrapolated at 3.8% | 0.4240 | $65.21M |
| 2035 | $159.7M | extrapolated at 3.8% | 0.3854 | $61.55M |
| Step | Value |
|---|---|
| Sum of present values (ten years) | $809.25M |
| Terminal value: cash flow 2035 × (1 + 3.8%) / (10.0% − 3.8%) | $2.69B |
| Present value of terminal value (× 0.3854) | $1.04B |
| Equity value (sum plus present value of terminal value) | $1.84B |
| Shares (diluted) | 219.40M |
| Value per share (equity value divided by shares) | $8.41 |
| Fair value (from the cash flow model alone) | $8.41 |
The model uses free cash flow after interest, which belongs to shareholders, discounted at the cost of equity. Net debt is therefore not deducted again.
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Weak, published since 7 Nov 2026 (in the score history since 15 Oct 2026)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.