FORR
Forrester Research, Inc. (FORR)
Last Price$10.2(2.2%)
Market Cap$190.6M
DCF value
N/A
Overvalued (DCF value)
(100.0%)
Discount Rate
8.1%
Long-Term Growth Rate
2.0%
Stock quality
4/10
Bad

FORR DCF Model

Free Cash Flow to Firm Model
NOPAT Model
Free Cash Flow to Equity Model
Net Income Model
Millions
Billions
Dec'20 ActualDec'21 ActualDec'22 ActualDec'23 ActualDec'24 ActualDec'25 EstimateDec'26 EstimateDec'27 EstimateDec'28 EstimateDec'29 EstimateDec'30 EstimateDec'31 EstimateDec'32 EstimateDec'33 EstimateDec'34 EstimateDec'35 Terminal
% growth
449.0
(2.8%)
494.3
10.1%
537.8
8.8%
480.8
(10.6%)
432.5
(10.0%)
407.7
(5.7%)
421.2
3.3%
434.5
3.2%
447.6
3.0%
460.4
2.9%
472.9
2.7%
485.1
2.6%
496.9
2.4%
508.3
2.3%
519.2
2.1%
529.5
2.0%
21.6
4.8%
38.6
7.8%
32.7
6.1%
6.8
1.4%
1.8
0.4%
9.3
2.3%
9.7
2.3%
10.0
2.3%
10.3
2.3%
10.6
2.3%
10.8
2.3%
11.1
2.3%
11.4
2.3%
11.7
2.3%
11.9
2.3%
12.1
2.3%
NOPAT
% effective tax rate
16.7
3.7%
28.9
5.9%
23.2
4.3%
3.3
0.7%
(3.9)
(0.9%)
(20.4)
(5.0%)
(21.0)
(5.0%)
(21.7)
(5.0%)
(22.4)
(5.0%)
(23.0)
(5.0%)
(23.6)
(5.0%)
(24.2)
(5.0%)
(24.8)
(5.0%)
(25.4)
(5.0%)
(25.9)
(5.0%)
(26.5)
(5.0%)
% of revenue
80.7
18.0%
78.9
16.0%
36.9
6.9%
32.1
6.7%
0.0
0.0%
18.4
4.5%
19.0
4.5%
19.6
4.5%
20.2
4.5%
20.8
4.5%
21.3
4.5%
21.9
4.5%
22.4
4.5%
22.9
4.5%
23.4
4.5%
23.9
4.5%
% of revenue
(8.9)
(2.0%)
(10.7)
(2.2%)
(5.7)
(1.1%)
(5.5)
(1.1%)
(3.4)
(0.8%)
(4.1)
(1.0%)
(4.2)
(1.0%)
(4.3)
(1.0%)
(4.4)
(1.0%)
(4.6)
(1.0%)
(4.7)
(1.0%)
(4.8)
(1.0%)
(4.9)
(1.0%)
(5.1)
(1.0%)
(5.2)
(1.0%)
(5.3)
(1.0%)
(14.6)
(3.2%)
34.1
6.9%
(28.9)
(5.4%)
(24.4)
(5.1%)
0.0
0.0%
(14.2)
(3.5%)
(14.7)
(3.5%)
(15.1)
(3.5%)
(15.6)
(3.5%)
(16.0)
(3.5%)
(16.5)
(3.5%)
(16.9)
(3.5%)
(17.3)
(3.5%)
(17.7)
(3.5%)
(18.1)
(3.5%)
(18.4)
(3.5%)
Free Cash Flow to Firm (FCFF)
% of revenue
73.8
16.4%
131.2
26.5%
25.6
4.8%
5.5
1.1%
(7.3)
(1.7%)
(20.2)
(5.0%)
(20.9)
(5.0%)
(21.5)
(5.0%)
(22.2)
(5.0%)
(22.8)
(5.0%)
(23.5)
(5.0%)
(24.1)
(5.0%)
(24.6)
(5.0%)
(25.2)
(5.0%)
(25.7)
(5.0%)
(26.3)
(5.0%)
% of FCFF used in calculation
80.8%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
Discount period
0.50
1.50
2.50
3.50
4.50
5.50
6.50
7.50
8.50
9.50
Discount factor
0.96
0.89
0.82
0.76
0.70
0.65
0.60
0.56
0.52
0.48
Discounted FCFF (DFCFF)

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FORR DCF Value

DCF Value Calculation

as of Mar 11, 2025
Sum of DFCFF
% share of EV
N/A
30.0%
Terminal Value (TV)
N/A
Discounted TV
% share of EV
N/A
70.0%
Total Debt
59.8M
Shares outstanding
18.7M
FX rate
N/A
100% overvalued

Equity Value Bridge

FORR DCF Financials

Revenue
$432.5M -> $519.2M 1.8% CAGR
Operating Income
$1,775.0K -> $11.9M 21.0% CAGR
FCFF
($7,268.4K) -> ($25.7M) 13.5% CAGR

FORR DCF sensitivity

DCF value
Long-term Terminal growth rate
1.0%
1.5%
2.0%
2.5%
3.0%
WACC
7.0%
$0.0
$0.0
$0.0
$0.0
$0.0
7.5%
$0.0
$0.0
$0.0
$0.0
$0.0
8.1%
$0.0
$0.0
$0.0
$0.0
$0.0
8.5%
$0.0
$0.0
$0.0
$0.0
$0.0
9.0%
$0.0
$0.0
$0.0
$0.0
$0.0
DCF value, undervalued / overvalued
Long-term Terminal growth rate
1.0%
1.5%
2.0%
2.5%
3.0%
WACC
7.0%
(100.0%)
(100.0%)
(100.0%)
(100.0%)
(100.0%)
7.5%
(100.0%)
(100.0%)
(100.0%)
(100.0%)
(100.0%)
8.1%
(100.0%)
(100.0%)
(100.0%)
(100.0%)
(100.0%)
8.5%
(100.0%)
(100.0%)
(100.0%)
(100.0%)
(100.0%)
9.0%
(100.0%)
(100.0%)
(100.0%)
(100.0%)
(100.0%)

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FAQ

What is Forrester Research, Inc. DCF (discounted cash flow) valuation?

As of Mar 11, 2025, Forrester Research, Inc.'s Discounted Cash Flow (DCF) valuation estimates its share price at N/A. This suggests it may be overvalued by (100.0%) compared to its current price of around $10.2, using a WACC of 8.1% and growth rates of 2.0%.

What is Forrester Research, Inc. WACC?

As of Mar 11, 2025, Forrester Research, Inc.'s Weighted Average Cost of Capital (WACC) is approximately 8.1%.

What is Forrester Research, Inc. Enterprise Value?

As of Mar 11, 2025, Forrester Research, Inc.'s Enterprise Value (EV) is approximately $0.0. This value reflects the company's total market capitalization plus debt, minus cash and cash equivalents, providing a comprehensive measure of its overall value in the market.