Vicor 2030 FCF exit-multiple valuation

Vicor Corporation (VICR)
By@hypertonx
Assumptions as of 2026-08-25
USD
Updated Aug 25, 2026
Download Excel

Vicor 2030 FCF exit-multiple valuation

Scenario valuation using a 2026 revenue base, a four-year revenue and free-cash-flow margin ramp, explicit interim cash flows, and a discounted 2030 FCF exit value.

as of 2026-08-25

Fair value per share
$181.39
Upside / downside
-6.2%
FY2030 normalized FCF
$413
Implied equity value
$8,652
FY2030 revenue
$1,587
Exit FCF multiple implied by current price
30.1

Balance sheet

$456$M

Market

$193.32
Latest VICR quote · updated Sep 8, 2026 2:00 PM MDT

Operating assumptions

$610$M
27.0%
26.0%

Share count

47.7M

Valuation

10.5%
28.0

Revenue and FCF build

FY2027EFY2028EFY2029EFY2030E
Revenue ($M)$775$984$1,250$1,587
Normalized FCF margin15.0%18.7%22.3%26.0%
Normalized FCF ($M)$116$184$279$413
Present value of FCF ($M)$102$145$200$267

Sources

  1. Vicor's Q2 2026 10-Q reported $143.4M of quarterly revenue, $453.6M of cash, 46.1M basic shares outstanding, and $379.7M of one-year backlog. — sec.gov (accessed 2026-08-25)
  2. Vicor's Q2 2026 release reported 26.9% sequential revenue growth, 58.0% gross margin, $34.0M of operating cash flow, and a 145% year-over-year increase in backlog. — vicorcorporation.gcs-web.com (accessed 2026-08-25)
  3. Management's Q2 2026 call guided to more than $600M of FY2026 revenue and described long-term objectives of $2.5B revenue, 70% gross margin, and 40% operating margin. (accessed 2026-08-25)
  4. The current share price was refreshed from Modeledge market data for VICR on August 25, 2026. — modeledge.ai (accessed 2026-08-25)

Built with Modeledge MCP

Connect your MCP client to research filings and earnings calls, then build a living financial model like this one.

Connect your agent