American Public Education, Inc.

AI-generated fair value estimate for this company.

Method: 10-year unlevered FCF DCF: $58.1M average of FY2025 ($46.1M) and TTM ($70.1M) FCF as base; 10% growth yrs 1-5; 4% yrs 6-10; 10.5% discount rate; 3% terminal growth; plus $68.1M net cash; 18.30M shares outstanding.

Reasoning: American Public Education's cash generation has accelerated sharply (FCF +66% in FY2025, further TTM improvement) on nursing/healthcare program enrollment growth across National University and American Public University System; averaging recent periods avoids over-extrapolating the most recent quarter's acceleration.