Market Pulse50Neutral

Limbach Holdings, Inc.Opportunity Rank #80(LMB) Intrinsic Value & DCF Analysis (2026)

Sector: Industrials

Current Price

$77.39

Last updated: Mar 24, 2026

Price vs Intrinsic Value

$77.39
Price
$98.15
Intrinsic Value
Undervalued by 27%MOS: $78.52

Fundamental Score

60/100
Neutral

Weighted across 6 signals

Narrative Score

54/100
Weak

No change vs previous

The intrinsic value of Limbach Holdings, Inc. (LMB) is estimated at $98.15 per share based on a 10-year discounted cash flow (DCF) analysis. At the current price of $77.39, the stock appears undervalued relative to its projected cash flow fundamentals. This estimate assumes a 12.64% long-term growth rate and a 10.37% discount rate, reflecting expected future free cash flow and cost of capital.

The intrinsic value of Limbach Holdings, Inc. (LMB) is estimated at $98.15 per share based on a 10-year discounted cash flow (DCF) analysis. At the current price of $77.39, the stock appears undervalued relative to its projected cash flow fundamentals. This estimate assumes a 12.64% long-term growth rate and a 10.37% discount rate, reflecting expected future free cash flow and cost of capital.

Valuation Details

$98.15
26.83% upside
20% margin of safety: $78.52
Years: 10Growth Rate: 12.64%
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Capital Efficiency

Average Quarterly ROIC
6.2%
Cost of Capital (estimated)9%
Value StatusUnderperforming Capital

The company is earning below its required return. This may indicate inefficient use of capital or excess cash that isn't being reinvested.

Complete historical ROIC is available with
.

Fundamental Details

60/100
NeutralWeighted across 6 signals
DCF Discount
26.8% discount to price
95
FCF Yield
5.5% trailing FCF yield
87
ROIC vs WACC
ROIC 6.2% vs WACC 9.0% (0.7x)
34
Net Debt / FCF
0.2x net debt to FCF
97
Buybacks
Share count flat
50
FCF CAGR (5Y)
3.7% 5Y FCF CAGR
25
Strengths: DCF Discount, FCF Yield. Concerns: ROIC vs WACC, FCF CAGR (5Y).

Narrative Details

54/100
Weak
Vs 6-Month Baseline:Average (51st pct)Weighted across 4 recent drivers
Trend: StableConfidence: 56%Updated: 1h ago
Sources: 11 (10 News · 1 Analyst)
Drivers(last 30 days)
7 news sentiment+0.2
Regulatory scrutiny+0.2
2 earnings beat+0.0
Analyst reiterations0.0

Investment Coach

Updated 18h ago
BUYConfidence: 54%
Thesis
Limbach Holdings, Inc. is undervalued with an estimated fair value 48.2% above its current price, supported by healthy free cash flow yield and constructive fundamentals. Despite trailing returns relative to its cost of capital, the company's improving narrative and stable trend suggest potential for value realization.
Key Risk
The key risk is the company's returns continuing to trail its estimated cost of capital, which could limit value creation.
Signals To Watch
  • Monitor whether valuation discount remains above 10%.
  • Track ROIC versus WACC spread for sustained improvement.
  • Follow narrative trend for meaningful shifts in the score direction.
Ask the Coach - Available with
Historical Growth Rates
Free Cash Flow- - -Trend CAGR: 12.64%5 Year CAGR (Adjusted): 136.48%

Free Cash Flow (in millions)

TTM202520242023202220212020201920182017201620152014
$50$50$44$60$36-$23$41$2$29-$1$8$20$

How Intrinziq Estimates Fair Value

Intrinziq estimates Limbach Holdings, Inc.'s intrinsic value using a discounted cash flow (DCF) model based on free cash flow trends and a market-based discount rate. The model projects future cash flows over ten years and discounts them using a market return assumption to estimate fair value.

Limbach Holdings, Inc.Industrials

Limbach Holdings, Inc. operates as an integrated building systems solutions company in the United States. It operates in two segments, General Contractor Relationships and Owner Direct Relationships. The company engages in the design, prefabrication, installation, management, and maintenance of mechanical, electrical, plumbing, and control systems, as well as heating, ventilation, air-conditioning (HVAC) system. Its facility services comprise mechanical construction, HVAC service and maintenance, energy audits and retrofits, engineering and design build, constructability evaluation, equipment and materials selection, offsite/prefabrication construction, and sustainable building solutions and practices. The company serves research, acute care, and inpatient hospitals; public and private colleges, universities, research centers and K-12 facilities; sports arenas; entertainment facilities, and amusement rides; passenger terminals and maintenance facilities for rail and airports; government facilities comprising federal, state, and local agencies; hotels and resorts; office building and other commercial structures; data centers; and industrial manufacturing facilities. The company was founded in 1901 and is headquartered in Pittsburgh, Pennsylvania.