FLY - NASDAQ

Firefly Aerospace Inc.

Firefly Aerospace Inc.

FLYยทNASDAQ

$39.78

-2.0%
IndustrialsAerospace & Defense

Firefly Aerospace Inc. operates as a space and defense technology company and provides mission solutions for national security, government, and commercial customers. It offers integrated launch and space services technology that is committed to enabling launch, transit, and operations in space. The company also provides Alpha, a responsive small launch service; Eclipse, a medium-lift launch vehicle; Blue Ghost, a lunar delivery and operation service; Elytra, which offers space maneuverability and servicing; and Ocula, a lunar imaging service. The company was incorporated in 2017 and is headquartered in Cedar Park, Texas.

StatementsValue Model

At a Glance

Live Snapshot
Market Cap$6.37B
EPS-4.8300
P/E Ratio-8.24
Earnings Date06/03/2026
Firefly Aerospace Inc.

Firefly Aerospace Inc. Fair Value Envelope

FLY ยท NASDAQ

Our analysis suggests that FLY has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $39.78, this represents a potential HIDDEN relative to our calculated worth for Firefly Aerospace Inc..

HIDDEN
Intrinsic Value
Current Price: $39.78

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value-$469.9M
+ Cash & Equivalents$793.0M
Firm Value$323.0M
- Debt$308.6M
Equity Value$14.4M
/ Shares Outstanding159,251,122B
DCF Value$0
OVERVALUED BY 100%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
-$153.9M
-$115.6M
-$86.8M
-$65.2M
-$48.9M
-$36.8M
-$27.6M
-$20.7M
-$15.6M
-$11.7M
Maintenance CapEx
-$4.9M
-$3.7M
-$2.8M
-$2.1M
-$1.6M
-$1.2M
-$884.3K
-$664.1K
-$498.7K
-$374.5K
Owner Earnings
-$158.8M
-$119.3M
-$89.6M
-$67.3M
-$50.5M
-$37.9M
-$28.5M
-$21.4M
-$16.1M
-$12.1M
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
-$147.1M
-$102.3M
-$71.1M
-$49.4M
-$34.4M
-$23.9M
-$16.6M
-$11.6M
-$8.0M
-$5.6M
Terminal Value represents 0.0% of Enterprise Value
Negative Owner Earnings
This company generates negative free cash flow. Consider adjusting maintenance CapEx percentage or check the financial data.

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