FTI Consulting stock: fair value
FCNThe fair value of FTI Consulting under our model is $144.74, the price is 37% above.
The fair value is an estimate from our model, not a price target.
Daily figure as of 13 Nov 2026
Valuation signal
Modestly overvaluedIn our model the price counts as cheap below $103.38 and expensive above $241.23 (uncertainty high, one part of the fair value is more than twice the other).
The two parts of the fair value come to $84.67 (cash-flow model) and $204.81 (industry comparison), and the gap between them shows how uncertain the estimate is.
Calculated with a cost of equity of 8.8%. At 9.8% the fair value would be $137.80, at 7.8% it would be $155.14.
Where the number comes from
Half from the cash-flow model, half from earnings times the industry P/E (23.7).
Ten-year cash-flow model from smoothed free cash flow and its past growth until it reaches 3.8%. Discounted at 8.8% (floor: government bond yield 3.8% plus 5 percentage points, since beta 0.8 times the risk premium would give less); no analyst estimates were available.
Calculate with your own assumptionsThe calculation step by step
With these figures the cash flow model arrives at $84.67 per share: free cash flow for the next ten years, each year discounted to today at 8.8%, 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 8.8%) |
|---|---|---|---|---|
| 2026 | $129.57M | extrapolated at −2.8% | 0.9189 | $119.05M |
| 2027 | $128.53M | extrapolated at −0.8% | 0.8443 | $108.52M |
| 2028 | $129.29M | extrapolated at 0.6% | 0.7758 | $100.3M |
| 2029 | $131.31M | extrapolated at 1.6% | 0.7129 | $93.6M |
| 2030 | $134.25M | extrapolated at 2.2% | 0.6550 | $87.94M |
| 2031 | $137.9M | extrapolated at 2.7% | 0.6019 | $83M |
| 2032 | $142.11M | extrapolated at 3.1% | 0.5530 | $78.59M |
| 2033 | $146.78M | extrapolated at 3.3% | 0.5082 | $74.59M |
| 2034 | $151.84M | extrapolated at 3.5% | 0.4669 | $70.9M |
| 2035 | $157.25M | extrapolated at 3.6% | 0.4291 | $67.47M |
| Step | Value |
|---|---|
| Sum of present values (ten years) | $883.96M |
| Terminal value: cash flow 2035 × (1 + 3.8%) / (8.8% − 3.8%) | $3.27B |
| Present value of terminal value (× 0.4291) | $1.4B |
| Equity value (sum plus present value of terminal value) | $2.29B |
| Shares (diluted) | 26.99M |
| Value per share (equity value divided by shares) | $84.67 |
| Earnings per share, last twelve months | $8.65 |
| × 23.7 (industry P/E) | $204.81 |
| Fair value (average of both parts) | $144.74 |
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 Strong since 10 Nov 2026, previously Neutral
- 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.