Fluor Corporation (FLR) DCF Valuation
Why we don't show a single “fair value” for FLR
A trailing-FCF DCF can't fairly anchor Fluor Corporation right now — free cash flow has been negative in recent years. For a company in this position, trailing free cash flow understates what the business actually earns for owners, so any “fair value” built on it would be misleadingly low. Off today's cash-flow base, no plausible growth rate bridges to the current price — the market is valuing normalized future cash flows, not the depressed base. The model scenarios below are shown for reference only.
| Scenario | FCF growth (fading to 2.5%) | Discount | Value / share |
|---|---|---|---|
| Conservative | 1.1%/yr | 11.3% | $10.07 |
| Base case | 4.1%/yr | 10.3% | $10.74 |
| Optimistic | 7.1%/yr | 9.3% | $11.67 |
| Analyst DCF (FMP) | independent reference — different model | $8.30 | |
Current Price
$53.62
Market-Implied Growth
—
Base-Case Model Value
$10.74
model output — not a price target
FLR DCF Fair Value Calculator
Edit the assumptions to see how they change the estimated fair value. Opens seeded with TGM's data-driven base case for FLR (growth from its own 5-year record, discount from its beta), so the sandbox starts where the scenarios above leave off. Illustrative model — not investment advice.
Base inputs: FCF $31.0M · 0.14B shares · net cash $1.1B
Estimated Fair Value
$10.90
-79.7% vs $53.62
Sensitivity — fair value by discount rate × terminal growth
How the estimated fair value shifts with the discount rate (WACC) and terminal growth, holding your 4.1%/yr FCF growth and 10-year horizon fixed. Green = above today's $53.62; red = below. Your current case is outlined.
| WACC ↓ / Terminal → | 1.50% | 2.00% | 2.50% | 3.00% | 3.50% |
|---|---|---|---|---|---|
| 8.3% | $11.65 | $11.84 | $12.06 | $12.33 | $12.64 |
| 9.3% | $11.11 | $11.24 | $11.39 | $11.57 | $11.77 |
| 10.3% | $10.70 | $10.79 | $10.90 | $11.02 | $11.16 |
| 11.3% | $10.37 | $10.44 | $10.51 | $10.60 | $10.70 |
| 12.3% | $10.10 | $10.15 | $10.21 | $10.27 | $10.35 |
About Fluor Corporation
Fluor Corporation provides engineering, procurement, and construction (EPC); fabrication and modularization; and project management services worldwide. The company operates through three segments: Urban Solutions, Energy Solutions, and Mission Solutions. The Urban Solutions segment offers EPC and project management services to the advanced technologies and manufacturing, life sciences, mining and metals, and infrastructure industries. This segment also provides professional staffing services to the company and third-party clients with technical, professional, and craft resources on a contract or permanent placement basis, as well as maintenance services. The Energy Solutions segment offers EPC services for traditional oil and gas markets, including the production and fuels, chemicals, LNG, and power markets. This segment also provides solutions to the energy transition markets, including nuclear power and other low-carbon energy sources, asset decarbonization, carbon capture, renewable fuels, waste-to-energy, green chemicals, and hydrogen; and consulting services, such as feasibility studies, process assessments, and project finance structuring. The Mission Solutions segment offers technical solutions to the U.S. and other governments, as well as it provides site management, environmental remediation, and decommissioning for nuclear remediation at governmental facilities, as well as services to commercial nuclear clients. It also delivers solutions for nuclear security and operation, nuclear waste management, and laboratory management; and operation and maintenance, logistics, EPC, and life support solutions for mission-critical facilities across U.S. military service organizations. The company was founded in 1912 and is headquartered in Irving, Texas.
- Sector
- Industrials
- Industry
- Engineering & Construction
- CEO
- James R. Breuer