CorVel Corporation

AI-generated fair value estimate for this company.

Method: 10-year unlevered FCF DCF: $113.8M TTM free cash flow base; FCF growth decelerating from 10% (year 1) to 6% (year 10), tracking the company's historical revenue growth deceleration; 9% discount rate; 3% terminal growth; $227.5M net cash; 50.52M diluted shares outstanding.

Reasoning: CorVel has a long track record of consistent double-digit growth decelerating toward high-single digits, a debt-free balance sheet, and rising margins, supporting a lower discount rate and a growth path anchored to its own multi-year historical trend given thin analyst coverage.