Webull Corporation

AI-generated fair value estimate for this company.

Method: 10-year levered FCF DCF (net-income-based, since the discount rate already reflects equity risk): $42.6M TTM net income as the Year-1 base; 30% annual growth years 1-5, 15% years 6-10; 13% discount rate; 4% terminal growth; 539.62M shares outstanding.

Reasoning: Webull is a fast-growing but only recently profitable digital brokerage (TTM revenue +47% YoY) still establishing a durable earnings track record post-SPAC merger, so starting from net income directly rather than attempting an unlevered build off an incomplete balance sheet, and using a high discount rate for its growth-stage and competitive-industry risk, is the most defensible approach with available data.