The Discounted Cash Flow (DCF) valuation of Spok Holdings Inc (SPOK) is 18.40 USD. With the latest stock price at 18.12 USD, the upside of Spok Holdings Inc based on DCF is 1.5%.

Is SPOK a buy or a sell?

Based on the latest price of 18.12 USD and our DCF valuation, Spok Holdings Inc (SPOK) is a buy. Buying SPOK stocks now will result in a potential gain of 1.5%.

	Range	Selected
WACC / Discount Rate	4.9% - 5.8%	5.3%
Long-term Growth Rate	1.0% - 3.0%	2.0%
Fair Price	13.63 - 30.15	18.40
Upside	-24.8% - 66.4%	1.5%

18.12 USD

Stock Price

18.40 USD

Fair Price

REVENUE & EXPENSES

CAPEX

D&A

WORKING CAPITAL

TERMINAL VALUE

SPOK DCF Valuation: Revenue & Expenses Forecast

(USD in millions)		Projections

	12-2024	12-2025	12-2026	12-2027	12-2028	12-2029

Revenue	138	141	144	148	151	160
% Growth	1%	2%	2%	3%	2%	6%

Cost of goods sold	(53)	(54)	(55)	(57)	(58)	(61)
% of Revenue	38%	38%	38%	38%	38%	38%

Selling, G&A expenses	(49)	(50)	(51)	(53)	(54)	(57)
% of Revenue	36%	36%	36%	36%	36%	36%

Research & Development	(12)	(12)	(12)	(12)	(13)	(13)
% of Revenue	8%	8%	8%	8%	8%	8%

Net interest & other expenses	(4)	(4)	(4)	(5)	(5)	(5)
% of Revenue	3%	3%	3%	3%	3%	3%

Tax expense	(5)	(6)	(6)	(6)	(6)	(6)
Tax rate	25%	27%	27%	27%	27%	27%

Net profit	15	15	15	16	16	17
% Margin	11%	11%	11%	11%	11%	11%