Published on 4 Apr 2024 on Simply Wall St. via Yahoo Finance
Key Insights
Fortinet's estimated fair value is US$97.03 based on 2 Stage Free Cash Flow to EquityCurrent share price of US$71.32 suggests Fortinet is potentially 26% undervalued Analyst price target for FTNT is US$76.00 which is 22% below our fair value estimate
Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Fortinet, Inc. (NASDAQ:FTNT) as an investment opportunity by taking the expected future cash flows and discounting them to today's value. We will use the Discounted Cash Flow (DCF) model on this occasion. Don't get put off by the jargon, the math behind it is actually quite straightforward.