Cirrus Logic, Inc.

AI-generated fair value estimate for this company.

Method: 10-year unlevered FCF DCF: $480.7M normalized free cash flow base (3-year average of FY2024-FY2026 to smooth working-capital volatility); 3% annual FCF growth years 1-10; 11.5% discount rate reflecting customer concentration risk; 2.5% terminal growth; $850M net cash; 50.12M diluted shares outstanding.

Reasoning: Cirrus Logic is profitable, debt-free, and high-margin, but revenue and FCF are volatile year to year and concentrated in a small number of large customers (reported to include Apple), so I normalized FCF to a 3-year average and used a higher discount rate to reflect concentration risk.